Q. How are premiums calculated in reinsurance agreements?

View solution

Q. How are premiums calculated in reinsurance agreements?What is the purpose of a deposit premium in reinsurance agreements?

View solution

Q. How is the adjustment account in reinsurance calculated?

View solution

Q. What is the unit of currency expressed in a treaty agreement?

View solution

Q. Under what conditions can a ceding insurer revert to accounting in original currencies?

View solution

Q. Who is responsible for paying brokerage in reinsurance placements?

View solution

Q. How are statements of accounts and balances typically sent in reinsurance placements?

View solution

Q. How is brokerage usually indicated in statements of accounts?

View solution

Q. How do brokers settle balances due to reinsurers?

View solution

Q. What is the purpose of an accounts flow chart in inward accounts management?

View solution

Q. What is the purpose of maintaining a cash loss register in inward accounts management?

View solution

Q. What is the purpose of the treaty journal in accounts management?

View solution

Q. What is the role of the reserves journal in accounts management?

View solution

Q. What is the purpose of retrocession processing in accounts management?

View solution

Q. What is the role of the personal ledger in accounts management?

View solution

Q. What is the purpose of examining outstanding claims while closing annual accounts?

View solution

Q. Which legislation prescribes the format for preparing annual accounts in India?

View solution

Q. What is required as per the Insurance Act, 1938 in relation to annual accounts?

View solution

Q. What information is required to be monitored and maintained as per the Insurance Rules?

View solution

Q. What information is required to be monitored and maintained as per the Insurance Rules?What is the purpose of reporting total placement to each reinsurer to the IRDA?

View solution