Page 213 - Misc Ebook IC 78

Miscellaneous Insurance

shortcomings in security or safety features and provides
suggestions for the betterment of the risk.

The inspection report covers the following
aspects:
(i) points of entry, exit and other openings present and

how are they safeguarded.
(ii) provision for armed guards, burglar alarms, and

collapsible gates.
(iii) description of the safe, its brand, size, make, etc.
(iv) the methods of maintaining account books and

improvement suggestions.

Q6. Write short notes on:

(i) Proportional Treaty Reinsurance - This treaty is
transacted according to the following types :
(a) Quota share basis - Under the quota share treaty
the risks are shared by the ceding company and its
reinsurers in some predetermined proportion.
Administration of the submitting accounts involve
pro-rata cessions of premium and pro-rata
recoveries on claims.

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