What can it be understood through the obligatory reinsurance, considering the below?

Which party determines the inception of a cat event and which contract provision impact the decision?

Which of the statements provided is considered the right definition for the excess of loss agreements?

What does in general a reinsurance allowing an insurance company to do considering the options given?
I. Expand its capacity.
II. Stabilise its underwriting results.
III. Finance its expanding volume.
IV. Unfinanced underwriting results.

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

Which is considered to be one of the disadvantages of facultative reinsurance?

Which are the basic common known differences between the Retail Insurance versus the Reinsurance?
I. Only the reinsurance reimburses insurer for expenses.
II. Compared to the retail insurance, the reinsurance reimburses insurer for policyholder claims.
III. Only the reinsurance collects premiums from an insurer for providing protection.
IV. The reinsurance assumes risk from insurer only.
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What else can be used as an alternative to the traditional reinsurance in case this can not be used?
I. Finite risk reinsurance.
II. Capital market alternatives to traditional and non-traditional reinsurance.
III. Catastrophe bond.
IV. Catastrophe risk exchange.

How could the agency reinsurance be defined from your point of view?

Which variants given best suits to describe what the aggregate excess of loss reinsurance is?

Which are some of the reasons someone should choose using reinsurance, in which situation?
I. Relatively easy to implement and fairly inexpensive.
II. Makes use of the reinsurer’s capital without compromising ownership of the company.
III. Provides flexible solutions.
IV. Tailored to a specific situation.

What can it be considered the definition or use of the acquisition costs seeing the below options?

Which of the below do you consider it to be a valid sentence about the agent commission?

Which of the below describes the best prospective approach in the circumstances of basic insurance accounting?

How could the reinsurance contracts be defined considering the variants offered?

What type of documentation from the ones presented below does usually grants express authority to any agent?
I. Agent’s insurance license.
II. Fiduciary contract.
III. The principal grants authority through the agent’s contract.
IV. Agent’s contract with the principal.

Which of the below best describes the idea of indemnification considering the options given?

What happens to the proceeds of a life insurance policy if there is no named beneficiary?

Who has the right to the cash value of a life insurance policy considering the option given?

What is the disadvantage of selecting the life income settlement option?

Which of the below can be considered from your point of view a true sentence about reinsurance?

Which of the below do you consider it to be a true sentence when you think about cession?

Which of the below do you consider it to be a true sentence when you think about retrocession?

Why is it dangerous to continuously retrocede a risk considering the below variants?

Which are some of the facultative reinsurance treaty qualifications true for policies that don’t qualify for automatic reinsurance?
I. Reinsurer reviews risk and states conditions.
II. Underwriting classification.
III. Amount of risk that ceding company must retain.
IV. Amount of risk that reinsurer will accept.

Which of the below statements is considered to be correct regarding the reinsurance administration?

When preparing treaty reinsurance which are the points that are needed to be considered?
I. Reviewing the accounting, actuarial, administrative, and legal parts are essential.
II. Negotiation and letters of intent should be part of the document.
III. Side letters, notes and understandings need to be included.
IV. Wording should be clear and unambiguous.

What is the role of the Appointed Actuary’s (AA) role in regard to reinsurance?
I. Statement of actuarial opinion – considerations of reinsurer’s and ceding company’s AA are different, but parallel.
II. Reinsurer must maintain enough data.
III. Quality data is the responsibility of both reinsurer and ceding company.
IV. Appointed Actuary is responsible for an accurate statement of liabilities.

What do you understand through all-risk insurance taken into account the options given to you?

Which of the below do you consider it to be true form your own perspective about the alternative market?