III IC-85 Practice Questions - III IC-85 Reinsurance Management Exam

In a quota share reinsurance treaty, how are premiums and losses shared?

The reinsurer takes a fixed percentage of all premiums and losses. The reinsurer only pays losses that exceed a specific amount. The primary insurer retains all premiums and passes only losses. The reinsurer takes all premiums and pays all losses.

Correct Answer:

The reinsurer takes a fixed percentage of all premiums and losses.

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