Question

The importance of proper treaty documentation is emphasized because:

a.

It ensures clear and unambiguous communication between the parties.

b.

It simplifies the preparation of treaty wordings.

c.

It helps in the administration of the reinsurance contract.

d.

It determines the validity of the reinsurance.

Answer: (a).It ensures clear and unambiguous communication between the parties. Explanation:Proper treaty documentation is crucial to avoid any problems in the administration of the reinsurance contract. It sets out the terms and conditions in a clear and unambiguous manner, ensuring effective communication between the parties involved.

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

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