Question
a.
Difficulty in estimating outstanding provisions for claims
b.
Delays in the preparation and rendering of treaty accounts
c.
Inability to match accounted figures with treaty year results
d.
All of the above
Posted under IC85 Reinsurance Management
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is a major problem faced by a reinsurer when closing proportional treaty accounts?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. How do reinsurers overseas typically operate non-proportional accounts?
View solution
Q. When is a surplus normally removed from a non-proportional treaty account?
View solution
Q. What is the practice in India regarding reserves for unexpired risks in general insurance?
View solution
Q. How are additional reserves or catastrophic reserves typically treated in the computation of profits?
View solution
Q. What is the maximum percentage allowed for reserves for unexpired risks in the computation of profits in general insurance companies in India?
View solution
Q. In which of the following reinsurance commission methods will the commission payable be determined by applying the agreed percentage of commission to the premiums ceded less returns and cancellation?
View solution
Q. Which of the following is an example of a taxation aspect in reinsurance?
View solution
Q. What is the objective of a reinsurer over a period of years?
View solution
Q. How does a reinsurer transfer their tax burden to the ceding insurer?
View solution
Q. Which type of taxation is suggested as a possible solution for budget problems?
View solution
Q. What makes determining the profit of a reinsurer difficult?
View solution
Q. What does the insurer-reinsurer relationship aim to do?
View solution
Q. Which types of companies give rise to extreme fluctuations in reinsurance?
View solution
Q. What event impaired the capital of many insurers and reinsurers and resulted in insolvencies?
View solution
Q. What is the ideal approach to taxing a reinsurer's profit?
View solution
Q. How does the practice of deducting tax at source as a percentage of the reinsurance premium impact the administration costs of the insurer?
View solution
Q. What is the purpose of indicating a net premium to the ceding insurer (reinsured)?
View solution
Q. How can a reinsurer optimize their results and pay taxes regularly?
View solution
Q. What is the tax known as when it is levied on direct or reinsurance premium?
View solution
Q. In which country is a Service Tax of 5% levied on direct premium?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
