Q. How is the time of payment of any claim determined in the reinsurance agreement?

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Q. What happens to the priority and liability in the index clause when the Index fluctuates by 10% or more?

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Q. What is the condition precedent to any liability to pay under the reinsurance contract?

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Q. What does the claims control clause in the policy state?What role does the lead Reinsurer have in the claims co-operation clause?

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Q. What does the claims control clause in the policy state?

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Q. How do the reinsurers follow the fortunes of the insurers in the claims control clause?

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Q. Which of the following is excluded from coverage under the political risks exclusion clause?

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Q. What is the definition of an act of terrorism as per the endorsement?

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Q. What is the burden of proof in case the Reinsurer claims that a loss is excluded under the political risks exclusion clause?

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Q. Which of the following is not excluded under the political risks exclusion clause?

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Q. According to the terrorism exclusion clause, which of the following is true?

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Q. How is "Terrorist Activity" defined under the terrorism exclusion clause?

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Q. Which of the following activities or threats are associated with "Terrorist Activity" as per the exclusion clause?

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Q. Who determines whether an act constitutes a "Terrorist Activity" as per the exclusion clause?

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Q. According to the terrorism exclusion clause, which of the following is true regarding the coverage of losses?

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Q. What is the purpose of the terrorism exclusion clause in the reinsurance agreement?

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Q. In the terrorism exclusion clause, what does it mean when it states that the exclusion applies "regardless of any other cause or event"?

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Q. Who has the burden of proving the coverage for losses excluded under the terrorism exclusion clause?

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Q. Which of the following activities would NOT be considered a "Terrorist Activity"?

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Q. What is the condition under which an activity would NOT be considered a "Terrorist Activity"?

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