Question

What is Original terms (coinsurance) reinsurance?

a.

A method where the insurer shares all aspects of the original contract with the reinsurer

b.

A method where the reinsurer determines premium rates independently

c.

A method where the insurer sets premium rates for the reinsurer

d.

A method where the reinsurer assumes all risks without any input from the insurer

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).A method where the insurer shares all aspects of the original contract with the reinsurer Explanation:Original terms (coinsurance) reinsurance involves a sharing of all aspects of the original contract between the insurer and the reinsurer.

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