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RMI 4292 Final Exam With Questions And 100% ALL SURE ANSWERS
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JACKLINERMI 4292 Final Exam With Questions And 100% ALL SURE ANSWERS
Terms in this set (107)
____________ reinsurance is entered into on a case-by- Facultative
case basis where there is no obligation by either
party to enter into the agreement.
Because SAP penalizes insurers for excessive Surplus Relief
growth (causing "surplus drain"), reinsurance can
offer ________and allows insurers to expand
capacity.
ABC Insurance Company has decided to reinsure 100,000*(0.30)=30,000
all of their property business on a quota share
basis with 123 Re. Under the terms of the
agreement, ABC Insurance is responsible for 30%
of losses. 123 Re is responsible for 70%. ABC
Insurance underwrites a policy for Vandelay
Industries. This falls within the parameters of the
claim, how much will ABC pay?
reinsurance treaty. The policy limit is $1,000,000
and the premium is $50,000. If there is a $100,000
1/12
, RMI 4292 Final Exam
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