Reinsurance
... The contract is on individual risk basis; that is, there is no preexisting reinsurance contract. The insurer decides whether to cover a risk alone, or cede part of it to a reinsurer. When offered, the reinsurer may accept it, decline it or counteroffer the insurer. ...
... The contract is on individual risk basis; that is, there is no preexisting reinsurance contract. The insurer decides whether to cover a risk alone, or cede part of it to a reinsurer. When offered, the reinsurer may accept it, decline it or counteroffer the insurer. ...
Determination of exempt income of approved captive
... less any expenses incurred in the production of such income for which a deduction is allowed under the Act; “Pil” is the total amount of the gross premiums received or receivable in the basis period in respect of all policies underwritten by the approved insurer in the course of carrying on its onsh ...
... less any expenses incurred in the production of such income for which a deduction is allowed under the Act; “Pil” is the total amount of the gross premiums received or receivable in the basis period in respect of all policies underwritten by the approved insurer in the course of carrying on its onsh ...
Circumstances – How to recognise a circumstance
... Circumstances – How to recognise a circumstance? You may often wonder whether a particular fact, situation or circumstance is a ‘fact which might give rise to a claim’ under Professional Risks insurance. Circumstances can at times be obscure, so we have split them into two categories: obvious and le ...
... Circumstances – How to recognise a circumstance? You may often wonder whether a particular fact, situation or circumstance is a ‘fact which might give rise to a claim’ under Professional Risks insurance. Circumstances can at times be obscure, so we have split them into two categories: obvious and le ...