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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Q. The ___________ clause states that premium is to be paid to the reinsurer at the same rate as received by the ceding insurer.What is the purpose of preparing a slip in the reinsurance placement process?

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Q. The ___________ clause states that premium is to be paid to the reinsurer at the same rate as received by the ceding insurer.

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Q. Which document follows the slip to evidence the placement, protection, and terms of cover in reinsurance?

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Q. How are the essential conditions of a reinsurance contract usually summarized?

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Q. Which approach is used in constructing treaty wordings for reinsurance contracts?

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Q. What is the purpose of a treaty slip in reinsurance?

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Q. How are amendments usually made to a reinsurance treaty?

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Q. What is the purpose of proper treaty documentation in reinsurance?

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Q. What should be done if there are unacceptable conditions or absence of standard clauses in the reinsurance agreement?

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Q. What is the requirement for stamping a treaty reinsurance agreement executed in India?

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Q. How is the stamping of inward treaty agreements in India typically done?

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Q. What is the procedure followed for stamping outward treaties in India?

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Q. The ____________ serve the purpose of evidencing eventual acceptance of a share of the risk / treaty ceded by signing underwriters.

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