Important Points for IC 27 - Health Insurance Exam
Page 25 Of 27
Go to:
When the reinsurance contract is proportional to the original insurance contract, it is called quota share reinsurance.
A form of pro rata reinsurance indemnifying the ceding company against loss to the extent of the surplus insurance liability ceded.
Excess of loss reinsurance: a form of reinsurance that indemnifies the ceding company for the portion of a loss that exceeds its own retention.
White labelling refers to a structure where the reinsurer designs the entire insurance product-i.e., pricing, underwriting and claims management process, and the insurance company acts as a distributor for the product.
Reinsurance is a risk transfer mechanism. It is the insurance for insurers.
MODELEXAM® 
www.realsoftinfoplan.com