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Author Question: Which of the following statements about treaty reinsurance is true? A) The reinsurer is required ... (Read 23 times)

fbq8i

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on: Jul 11, 2018
Which of the following statements about treaty reinsurance is true?
 
  A) The reinsurer is required to underwrite each individual applicant that is reinsured.
  B) The reinsurer must accept all business that falls within the scope of the treaty.
  C) The ceding insurer can choose which business falling within the scope of the treaty it wishes to reinsure.
  D) It protects the reinsurer by requiring the ceding insurer to charge adequate premiums.

Question 2

A reinsurance contract that is entered into on a case-by-case basis after an application for insurance is received by a primary insurer is called
 
  A) a reinsurance pool.
  B) automatic treaty reinsurance.
  C) retrocession.
  D) facultative reinsurance.


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tuate

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


fbq8i

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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