Answer these questions separately:
7) HIJ Insurance Company, the primary insurer, has a surplus line reinsurance agreement with KLM Insurance Company, the re insurer. The line under the policy/agreement is $25,000, and the amount ceded is $100,000. What percentage of the policy premium would KLM receive and what percentage of the losses under the policy would KLM be responsible for paying?
8) What is reinsurance and what purposes does it serve (i.e., why does it matter?)?
9) Why would a business buy an Exporters Package Policy vs. a Controlled Master Program, and which would you buy if you were a multi-national company (with many non US locations) and why?
10) Why would an insurer buy cultivate rather than treaty reinsurance and what use is a cut-through endorsement?
