Question

How are potential failures in administrative operations typically addressed in reinsurance agreements?

a.

By renegotiating the terms of the treaty

b.

By specifying remedies in the treaty

c.

By increasing reinsurance premiums

d.

By avoiding reinsurance arrangements altogether

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).By specifying remedies in the treaty Explanation:Potential failures in administrative operations in reinsurance agreements are typically addressed by specifying remedies in the treaty itself or through negotiations between the parties involved.

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Q. How are potential failures in administrative operations typically addressed in reinsurance agreements?
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