RI basic training

There is a risk protected by Quota Share Treaty with proportion of 15/85. How much will be paid by Reinsurer when this risk has a claim of USD 100,000?

• USD 20,000

• USD 80,000

• USD 100,000

• USD 85,000

The capacity of an reinsurer is:

• The size of the reinsurer

• How many employees a reinsurer has

• The limit of liability that reinsurer can accept

• The underwriting results of a reinsurer

How many Basic types of Reinsurance?

• 3

• 5

• 2

• 4

What is "retention"?

• the maximum limit that insurer keeps for its own account

• the amount the reinsurer ask to keep from the insurer

• the maximum amount of liability of an insurer 

• the minimum amount of liability of an insurer 

What is requested information to check for risk accumulation?

• Detail location of risk

• Year of building

• Client's business

• Premium rate

What is a type of Proportional Reinsurance's method

• Quota Share

• Risk XOL

• CAT XOL

• Stop Loss