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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. The parties to the reinsurance contract are:

View solution

Q. The consideration for the reinsurance contract is:

View solution

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

View solution

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

View solution

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

View solution

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?

View solution

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

View solution

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

View solution

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?

View solution

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.

View solution