Question

What should be reviewed in relation to the accounted premium of a treaty?

a.

Consistency with estimated premium

b.

Release of reserves and portfolio movements

c.

Prompt rendering of accounts and settlement of balances

d.

Receipt of treaty document

Answer: (a).Consistency with estimated premium Explanation:During the review of a treaty, one important aspect to consider is the consistency between the accounted premium and the estimated premium. Any sudden increase or decrease in premium should be carefully examined and discussed with the insurer or reinsurer involved.

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Q. What should be reviewed in relation to the accounted premium of a treaty?

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