Question

What are "Original Conditions" in reinsurance?

a.

The terms and conditions of the original policy written by the insurer

b.

The modified terms and conditions of the reinsurance contract

c.

The specific conditions applied to facultative reinsurance only

d.

The conditions that are waived in the reinsurance contract

Posted under IC85 Reinsurance Management

Answer: (a).The terms and conditions of the original policy written by the insurer Explanation:"Original Conditions" in both treaty and facultative reinsurance refer to all the terms of the original policy written by the insurer. These terms are incorporated by reference in the reinsurance contract unless modified.

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