Page 8 - Reinsurance Management IC85

Reinsurance Management

to the ceding company as a percentage of
profits derived from the business.

i. Bordereaux:
A tabular statement of risks, premium and /or
losses supplied by a ceding company to a reinsurer
under a contract.

j. Portfolio :
This refers to unearned premiums and outstanding
claims -entry and withdrawal of which are made
under treaties operating on clean-cut basis.

k. Overriding Commission:
Commission payable in addition to the original
commission.

l. Exclusion clause in reinsurance treaty.:
An event which disqualifies the reinsurance claim.

Q. Discuss the peculiar legal aspects of
reinsurance in relation to direct insurance
contracts.

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