Question

What does a cover note indicate in the context of reinsurance?

a.

Completion of the treaty or contract period

b.

Privity of contract between the reinsured and reinsurer

c.

Existence of coverage

d.

Adjustment of deposit premium

Posted under IC85 Reinsurance Management

Answer: (c).Existence of coverage Explanation:A cover note is a written statement indicating that coverage is in place. It serves as evidence of the existence of coverage in reinsurance.

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Q. What does a cover note indicate in the context of reinsurance?
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