Question
a.
Passed on to the insurer
b.
Passed on to the re-insurer
c.
Borne by the insurer and re-insurer in agreed proportion
d.
Retained by the insured
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. In a reinsurance contract, the excess of the total amount of cover (T) over the retention amount (X) would be ____________ .
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. How do reinsurance regulations impact insurance companies?
View solution
Q. Who determines the best retention limits in a reinsurance arrangement?
View solution
Q. What types of reinsurance arrangements exist?
View solution
Q. What are some considerations before implementing reinsurance?
View solution
Q. Which of the following is NOT an advantage of reinsurance?
View solution
Q. What does the direct insurer retain in a reinsurance arrangement?
View solution
Q. Which statement best defines reinsurance?
View solution
Q. What is the purpose of the amendment in Regulation 28(9)?
View solution
Q. What action will the Authority undertake after a period of one year based on the reporting's made to it?
View solution
Q. According to the amended Regulation 28(9), what is the order of preference for offering best terms for participation in reinsurance?
View solution
Q. What amendment is made in Regulation 16(g) of the regulations?
View solution
Q. According to the amended regulations, what is the minimum retention requirement for Category I foreign reinsurers maintaining a branch office in India?
View solution
Q. What is the purpose of the Insurance Regulatory and Development Authority of India (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (First Amendment) Regulations, 2016?
View solution
Q. Which of the following is a requirement for life insurers when placing business with reinsurers, according to IRDAI regulations?
View solution
Q. According to IRDAI regulations, when can insurers reinsure on a quota share basis?
View solution
Q. What requirement must be met by reinsurers for insurers to place their reinsurance business outside India?
View solution
Q. What is the maximum percentage of the sum assured that an insurer shall reinsure with Indian reinsurers according to IRDAI regulations?
View solution
Q. What requirement must insurers fulfill regarding retention policy according to IRDAI regulations?
View solution
Q. When are insurers allowed to reinsure on quota share according to IRDAI regulations?
View solution
Q. What requirement must insurers fulfill regarding reinsurance arrangements for catastrophe risks?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? 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!
