Exam (elaborations)
RMI 4292 Final Exam With Questions And 100% ALL SURE ANSWERS
- Course
- Institution
RMI 4292 Final Exam With Questions And 100% ALL SURE ANSWERS
[Show more]
Seller
Follow
Content preview
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
2/12
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Queenstin. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now