Question

What is "Stop-Loss Reinsurance" also known as?

a.

Excess of loss reinsurance

b.

Sliding scale commission reinsurance

c.

Retroactive pricing reinsurance

d.

Surplus share reinsurance

Posted under IC85 Reinsurance Management

Answer: (a).Excess of loss reinsurance Explanation:"Stop-Loss Reinsurance" is a form of excess of loss reinsurance. It indemnifies the reinsured against the amount by which their losses incurred during a specific period exceed an agreed amount or percentage. "Stop-Loss Reinsurance" is known by various names, including stop-loss reinsurance, stop-loss-ratio reinsurance, or excess of loss ratio reinsurance.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is "Stop-Loss Reinsurance" also known as?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is "Surplus Reinsurance"?

View solution

Q. What is a "Surplus Treaty" in pro rata reinsurance?

View solution

Q. What is a "Syndicate" in the insurance industry?

View solution

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

View solution

Q. What is a "Treaty" in the context of reinsurance?What is the meaning of "Uberrimae Fidei"?

View solution

Q. What is "Ultimate Net Loss" in reinsurance?

View solution

Q. What does "Underlying" refer to in insurance or reinsurance?

View solution

Q. What is the meaning of "Underwriting Year Experience"?

View solution

Q. What does the term "Underwriting-Year Basis" refer to in rating?

View solution

Q. What is the definition of "Unearned Premium Reserve"?

View solution

Q. What does "Utmost Good Faith" mean?

View solution

Q. What is the characteristic of a "Working Excess" reinsurance cover?

View solution
View All MCQs on IC85 Reinsurance Management

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!

International Relations

Navigate the complex world of International Relations with our dedicated category....

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....

Electrical Measurement and Instrumentation

Unlock the world of electrical measurements with our dedicated category. Explore...

Cost Accounting

Dive into the realm of Cost Accounting with our specialized category. Explore cost...

Optical Communication

Explore the world of high-speed data transmission with our Optical Communication...

Cell Biology

Delve into the fascinating world of Cell Biology with our specialized category....

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

Civil Engineering

Dive into the world of Civil Engineering with our specialized category. Explore the...

Mechatronics

Enter the world of integrated engineering systems with our Mechatronics category....