Question
a.
To ensure uniform decision-making at all levels
b.
To limit the responsibility of executives for errors and negligence
c.
To streamline the reporting systems within the organization
d.
To promote efficiency in monitoring and implementation
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. Why is delegation of authority important in an organization?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. In a reinsurance company, who is responsible for the acceptance of business and the profits made?
View solution
Q. Which factor contributes to increasing the credibility of the primary insurer and aids in the renewal of treaties?
View solution
Q. What is the importance of maintaining accurate statistics in reinsurance business?
View solution
Q. What is the purpose of reviewing acceptances in reinsurance business?
View solution
Q. What information is summarized in a reciprocal exchange in reinsurance?
View solution
Q. Why is careful control required for accumulation hazards in reinsurance business?
View solution
Q. What do ceding insurers and reinsurers need periodical statistics for?
View solution
Q. ABC ltd provides database access to their customers as an extension of the intranet to download and use certificates of insurance or to ascertain their own account balance status, etc. This access is known as ____________
View solution
Q. The basic statistics relating to a treaty are collated from _____________ as sent and received.
View solution
Q. While preparing summary sheet in the case of reciprocal exchange, which of the following information is not included?
View solution
Q. The magnitude of an earthquake is measured on the ______________.
View solution
Q. Which of the following is an example of a ‘high risk’ area due to frequent occurrence of bush fires?
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!