Which of the below is true regarding the reinsurance definition given by Picard and Besson in 1982?

Which of the below is true when it comes to the formula for loss cost?

What does the courtship refer to, considering the variants given to you below?

Which of the below are valid types of insurance, considering the options given?
I. Property insurance.
II. Marine insurance.
III. Fire insurance.
IV. Life insurance.

When do you consider reinsurance helps insurers some of the answers you are given below?
I. Address lack of experience available to price risks.
II. Improve return on equity.
III. Manage fluctuations in earnings.
IV. Refine underwriting skills.

Which of the statement from the solutions offered about prudent insurers do you consider to be true?

What do you consider that solvency margin is, considering some of the options given?

Which of the following can best describe in just a few words what reinsurance is?

How is the retention of the primary insurer in an excess of loss arrangement called?

Considering the purpose of reinsurance in general, which of the below you can say is true about it?

How does the retail insurance process differentiate itself from the reinsurance taken the points offered to this question?
I. Retail insurance assumes risk from the consumer.
II. Retail insurance collects premiums from the consumer for providing protection.
III. Retail insurance pays a consumer (policyholder) for a claim.
IV. Retail insurance incurs expenses.

Which of the following does the traditional risk-sharing cover by definition?
I. Transfer mortality/morbidity risk.
II. Transfer lapse or surrender risk.
III. Transfer investment risk.
IV. Limit catastrophe risk.

Which are advantages of the financial management for businesses in the circumstances of using this process?
I. It covers the costs of increasing new business.
II. Financial management helps in financing acquisitions.
III. It can manage the surplus and/or risk-based capital.
IV. The financial management is useful for planning tax planning.

Which are some of the parts of the reinsurer liability, by definition considering the options given?
I. Automatic reinsurance is used as part of the process of reinsurer liability.
I. The reinsurer is bound if policy satisfies general conditions.
II. Reinsurer must underwrite each risk to be bound.
III. Reinsurer continues to reinsure life through changes in policies.

Which by definition can be considered a true statement about the loss portfolio transfers?

What does the ceded reinsurance leverage help the insurers and the companies by definition to do?

What are the types of recoverable amounts or cash offsets to paid claims?
I. Salvage and subrogation.
II. Ceded reinsurance.
III. Deductibles.
IV. Indictable.

Which are the principal functions of reinsurance considering the options given?
I. Facilitate withdrawal from a market segment.
II. Provide catastrophe protection.
III. Provide underwriting guidance.
IV. Provide surplus relief.

In which conditions the stabilization of loss experience can be utilized?

Which are the methods the reinsurance can be purchased, which are the main sources?
I. Professional reinsurers.
II. Reinsurance departments of primary insurers.
III. Reinsurance pools, syndicates, and associations.
IV. Any intermediary of the reinsurer.

Which of the following can be considered as valid types being part of Pro Rata?
I. Quota share reinsurance.
II. Surplus share reinsurance.
III. Excess of loss reinsurance.
IV. Extra deposit for the reinsurance.

What other alternatives to traditional reinsurance are true from the list given?
I. Catastrophe option.
II. Line of credit.
III. Sidecar.
IV. Industry loss warranty (ILW).

What are the factors most of the time affecting reinsurance needs?
I. Insurer size.
II. Insurer structure.
III. Senior management’s risk tolerance.
IV. The geographic spread of loss exposure.

What is the maximum amount the primary insurer can retain in any given circumstances?

Which are the considerations for coinsurance premiums and allowances considering the variants that are given?
I. Coinsurance usually varies by class, issue age or by gender.
II. A ceding company often keeps a policy fee.
III. Experience rating may be used, but is not common.
IV. Banding.

Which are some other aspects of considerations for coinsurance considering the provided answers?
I. Reinsurer often exempt from an explicit premium tax charge.
II. Nonforfeiture benefits reinsurer must continue coverage.
III. Reserve credit used if the reinsurer is accredited.
IV. Reinsurer doesn’t participate in policy loans.

What is needed for reinsurance in order for it to get accredited in a particular state?
I. File evidence of its submission to state’s jurisdiction.
II. Submit to state’s examination of books and records.
III. Be licensed in at least one state.
IV. File its annual statement and copy of the most recent audited statement.

Which of the below is part of the regulations for assumption reinsurance rules?
I. Insurance department may override objections.
II. The assumption must be approved by the commission.
III. Additional rules for unauthorized, foreign, or alien companies.
IV. Assumption reinsurance requires the approval of policyholder and insurer.

Which are some of the most reliable sources through which reinsurance can be purchased, in general?
I. Professional reinsurers.
II. Reinsurance departments of primary insurers.
III. Reinsurance pools, syndicates, and associations.
IV. Any kind of reinsurers resellers.

Which of the below do you consider that is true about the aggregate excess of loss reinsurance?