RSK 3701

RSK3701_Exam_pack_REVISION QUESTION AND ANSWERS 2020 In terms of a quota share treaty, the reinsurer is bound to accept a fixed proportion of every risk. The risk is shared on a proportional basis between the cadent and reinsurer. The share of the different parties involved in the government is expressed as a percentage.The principle of contribution applies to a situation where by the insured has more than one policy in force for the same risk. This means that if people are insured by more than...