Q. What is the purpose of overriding commission?

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Q. How can the overriding commission payable by the reinsurer be calculated?What is brokerage in reinsurance?

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Q. How can the overriding commission payable by the reinsurer be calculated?

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Q. How is the percentage of brokerage payable determined?

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Q. What is profit commission in reinsurance?

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Q. What are the two types of profit commission statements?

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Q. Is profit commission common in non-proportional treaties?

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Q. What is the difference between a profit commission on an "Accounting Year" basis and an "Underwriting Year" basis?

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Q. What reserves are mentioned in the profit commission statement on an "Accounting Year" basis?

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Q. When are readjustment statements rendered in a profit commission on an "Underwriting Year" basis?

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Q. What can be done with the outstanding liability of an "Underwriting Year" in profit commission calculations?

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Q. What reserves are not included in the profit commission statement on an "Underwriting Year" basis?

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Q. When does the ceding insurer prepare a statement to determine whether a treaty shows a profit or a loss?

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Q. What is the purpose of aggregating the results of subsections under a treaty?

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Q. In addition to aggregating results for subsections under a treaty, what other provision is sometimes made?

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Q. What are the different formulas used to determine the basis for calculating the profit commission payable?

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Q. What happens if the final result is a loss?

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Q. How is the profit commission percentage determined when the final result is a profit?

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Q. What happens to the result of the previous year's statement if it is a loss?

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Q. In which scenario is no profit commission paid in the current year?

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