Question
What is the purpose of "reinsurance treaties"?
Solution
These are agreements between an insurance company (the "ceding company") and a reinsurer, where the reinsurer agrees to accept specific risks from the ceding company. The primary purpose of a reinsurance treaty is to establish the terms and conditions under which an insurer (the ceding company) transfers a portion of its risks to a reinsurer.
Which of the following company is not a foreign insurance company?
The 'No Claim Bonus' is calculated based on:
Which of the following term is used when the loss is caused by two or more causes acting simultaneously or one after the other?
Which of the following is NOT a key expense considered in premium calculation?
To which of the following thing we can do insurance?
The Insurance Act was first introduced in India in:
General Insurance Corporation of India (GIC) was established in:
Which of the following does NOT form a part of “Book” price calculation?
The insurance in which risks are shared between multiple insurers is known as?
Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency is t...
