Category: IC23 APPLICATIONS OF LIFE INSURANCE – 11

Que. 1 : Q1) Which clause provides for the procedure for accounting and settlement of balances of accounts between the parties to reinsurance agreement?    1.  a) Set-off clause    2.  b) Arbitration clause    3.  c) Accounting clause    4.  d) Loss advices and accounting of losses clause Que. 2 : Q2) Under which reinsurance, Marine cargo business for most countries is predominantly ocean […]