Question

What does an intermediary clause in a reinsurance contract specify?

a.

The specific intermediary or broker involved in the contract

b.

The payment terms between the reinsured insurer and the intermediary

c.

The communication channels used during the negotiation process

d.

The involvement of multiple intermediaries in the contract

Posted under IC85 Reinsurance Management

Answer: (a).The specific intermediary or broker involved in the contract Explanation:An intermediary clause in a reinsurance contract identifies the specific intermediary or broker involved in negotiating the contract, communicating information, and transmitting funds. It helps clarify the roles and responsibilities of the intermediary in the reinsurance arrangement.

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