Question

What actions should be taken when a provisional notice of cancellation is given by the ceding insurer?

a.

Conduct a review of the terms for the ensuring year

b.

Decide on continuation with the business

c.

Give a definite notice of cancellation

d.

All of the above

Posted under IC85 Reinsurance Management

Answer: (d).All of the above Explanation:When a provisional notice of cancellation is given by the ceding insurer, several actions should be taken. These include conducting a review of the terms for the ensuring year, deciding on continuation with the business, and providing a definite notice of cancellation if necessary. Proper communication and coordination between the reinsurer and ceding insurer are crucial during this process.

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Q. What actions should be taken when a provisional notice of cancellation is given by the ceding insurer?
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