Page 112 - Reinsurance Management IC85

shi Publications - www.sashipublications.com Per risk Per Occurr

1. It is negotiated on rate 1. It is nego
exposure basis and there exposure
is no commission is no comm

2. Premiums are settled 2. Premiums
by annual adjustment by annual
of deposit premium of deposit

3. Premium is minimum 3. Premium i

4. Losses are settled 4. Losses s
individually annually catastroph

5. Retention is for each 5. Retention
risk or building or above a
location of two ful

6. It has per occurrence 6. It has a co
limitation provision
reinsured
111 above rete

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