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b. Reinstatement Premium:
Loss Recovery
x (XL Premium x % agreed)
Cover Limit

Rs.50,000 50
Rs.20,00,000 x 80,000 x

100

Rs. 1,000/-

In case the clause provides for pro rata reinstatement
premium and if the loss occurred on 31 st March, the
reinstatement premium will be

275

Rs. 1,000 x (unexpired days in tlie year)

365

Rs.753/- only

Q. Write short notes on.
a) Alterations clause in a Reinsurance
Treaty
b) Set off clause in a Reinsurance Treaty.

a. Alterations Clause: This clause provides for any

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