Question

What is a "Slip" in the context of reinsurance?

a.

A document outlining the risk particulars and conditions for reinsurance protection

b.

A commission paid by the reinsurer to the retrocessionnaire

c.

A retroactive pricing mechanism for pro rata reinsurance

d.

A form of excess of loss reinsurance for specific business measures

Answer: (a).A document outlining the risk particulars and conditions for reinsurance protection Explanation:A "Slip" can be defined as a document that sets out the risk particulars, terms, and conditions for which reinsurance protection is sought directly or through a broker. It serves as the basis for initiating reinsurance discussions and transactions.

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Q. What is a "Slip" in the context of reinsurance?

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