INS 317 Theory Questions: Reinsurance: Burning Cost, Treaty Types, and Key Differences

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

(a) Explain the concept of burning cost
(b) Enumerate three (3) major differences between proportional and non-proportional reinsurance treaties.
(c) Differentiate between excess of loss and stop loss reinsurance.

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