PRC Practice Questions - Professional Reinsurance Certification Exam

Access More Questions

A cedent places a 40% quota share treaty. The treaty has a ceding commission of 30%. Subject premium is $10,000,000 and incurred losses are $4,500,000. What is the reinsurer's net underwriting result before expenses?

Profit of $400,000 Profit of $1,200,000 Loss of $300,000 Loss of $500,000

Correct Answer:

Loss of $300,000

Access more questions from this quiz

Continue to PRC Practice Questions - Professional Reinsurance Certification Exam for more practice questions and the full quiz experience.

Access More Questions