Question

Which of the following describes a reinsurance broker?

a.

He / She is licensed by the Authority to act as such, for a remuneration carries out the functions as specified under regulation 3 either in the field of life insurance or general insurance or both on behalf of the clients.

b.

An insurance broker who, for remuneration, arranges reinsurance for direct insurers with insurance and reinsurance companies.

c.

An insurance broker who, for the time-being licensed by the Authority to act as such, for a remuneration arranges insurance for its clients with insurance companies and / or reinsurance for its client/s

d.

All of the above

Answer: (b).An insurance broker who, for remuneration, arranges reinsurance for direct insurers with insurance and reinsurance companies. Explanation:Option A describes a direct broker. Option C describes a composite broker.

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Q. Which of the following describes a reinsurance broker?

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