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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Q. The parties to the reinsurance contract are:

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Q. The consideration for the reinsurance contract is:

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Q. What do treaty wordings refer to in the context of reinsurance agreements?

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Q. The importance of proper treaty documentation is emphasized because:

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Q. When a reinsurance agreement is received, it must be:

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Q. Which of the following clauses allows the reinsured to cancel the reinsurance contract and then seek a new reinsurer if the reinsurer is downgraded by the rating organizations?

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Q. ____________ is the amount of the ceding insurer`s loss which is eligible for recovery under the terms of an excess of loss treaty.

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Q. The ___________ clause allows the possibility of making amendments, consent of both the parties, addendum forming integral part of and binding on the parties.

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Q. Which of the following clauses is commonly found in all agreements and describes without any ambiguity the business coming within the scope of a reinsurance contract?

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Q. With the __________________ clause, the ceding insurer can make a provision for ‘termination without notice’ in the event of certain other circumstances stipulated in the contract.

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