Q. Which factor raises legal and tax considerations in reinsurance accounting?

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Q. In proportional treaty accounts, who is responsible for preparing the accounts?

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Q. What information is typically included in the quarterly or periodical accounts received by the reinsurer in proportional treaty accounts?

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Q. Why is the quarterly accounting system considered advantageous in proportional treaty accounts?

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Q. What stipulation is typically included in the treaty contract regarding the periodicity of accounts in proportional treaty accounts?

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Q. What role do brokers play in reinsurance transactions?

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Q. Which type of reinsurance accounts are normally rendered on an "Accounts Year" basis?

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Q. Which type of reinsurance accounts are normally rendered on an "Underwriting Year" basis?

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Q. Is commission payable in non-proportional reinsurance?

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Q. For which of the following type of business will the accounting be rendered on an ‘Accounts Year’ basis?

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Q. Which of the following statements about reinsurance accounting formats is correct?

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Q. Which part of the reinsurance account includes items such as premium and loss reserves, interest, and loss settlements?

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Q. What is the purpose of reinsurance commission?

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Q. How are premiums typically accounted for in reinsurance accounting?

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Q. What is the primary advantage of using a flat rate of commission for reinsurance accounting?

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Q. What is the purpose of using a sliding scale commission for reinsurance accounting?

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Q. What is the purpose of the provisional commission in reinsurance accounting?

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Q. What are earned premiums?

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Q. What is deducted from earned premiums?

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Q. What are incurred losses?

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