Question

According to the amended Regulation 28(9), what is the order of preference for offering best terms for participation in reinsurance?

a.

First to overseas reinsurers, then to Indian reinsurers

b.

First to Indian reinsurers, then to overseas reinsurers

c.

First to branch offices of foreign reinsurers, then to Indian reinsurers

d.

None of the above

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).First to Indian reinsurers, then to overseas reinsurers Explanation:The amended Regulation 28(9) states that Indian insurers shall offer the best terms for participation first to Indian reinsurers, then to overseas reinsurers.

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Q. According to the amended Regulation 28(9), what is the order of preference for offering best terms for participation in reinsurance?
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