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- there is no selection against reinsurer since he get a mix of both good and bad business ,hence the reinsurer will attain a balanced port folio with and predictable results .
- consequently low cost
- simple to administer
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What is EQ quota in railways?
EQ means Emergency quota in Railways
What is Pooled Quota Wait List in railways?
A Pooled Quota Waiting List ('PQWL') is shared by several small stations in a particular region. E.g., Tiruppur, Salem, etc., share in the quota and wait list for some trains originating from Trivandrum or Mangalore. As another example, the 2723 Andhra Pradesh Exp. has three quotas, for Secunderabad - New Delhi, Secunderabad - nagpur, and Secunderabad - Bhopal. There is also a pooled quota for passengers travelling from Secunderabad to stations beyond Bhopal but short of Jhansi. If this quota is exhausted, a passenger is placed in the pooled quota waiting list. Pooled Quotas normally operate only from the originating station of a route, and there is only one Pooled Quota for the entire run. The Pooled Quota is intended to be utilized by passengers travelling from the originating station to a station short of the terminating station, or from an intermediate station to the terminating station, or between two intermediate stations. Such remote location quotas are also provided when there is a very strong demand for the train in question, because of which, without such additional quotas, all seats or berths might be fully consumed by passengers from the originating station leaving nothing available for those wishing to travel from intermediate points. Vacant Pooled Quota berths are automatically tapped by the PRS for booking end-to-end passengers. Passengers in the Pooled Quota Waiting List are cleared against the vacancies in the earmarked Pooled Quota only, or against General Quota vacancies available at the time of charting.
Name of the reinsurance companies in India?
General Insurance corporation of India, ( GIC Re) a company fully owned by Government of India and set up under an Act of Parliament in 1972 is the National reinsurer. No other reinsurer has obtained a license from Indian regulator to do reinsurance business in India. Overseas reinsurers either operate through their representative offices or through reinsurance intermediaries.
What was the quota system designed to limit?
Immigration in the U.S.
What was the last rank got admission in 2008 through aieee in DCE in general quota?
What was the last rank got admission in 2008 through aieee in DCE in general quota?"
What is meant by quota share treaty reinsurance?
Quota Share reinsurance is a type of pro rata reinsurance in which the primary insurer and the reinsurer share the amounts of insurance, policy premiums and losses (including loss adjustment expenses) using a fixed percentage. Quota Share reinsurance can be used for both property and liability insurance but is more frequently used in property insurance.
What is First dollar quota share reinsurance?
Quota share is the other word for'first dollar' quota share) A reinsurance arrangement in which the re insurer receives a certain percentage of each risk reinsured. First-dollar quota-share reinsurance transfers a percentage of risk on each policy from the ceding company to the reinsurer and shares all premiums and losses accordingly.
Is quota share treaty a non proportional treaty?
Quota Share is proportional treaty.
What are the advantages of excess of loss reinsurance?
- Simplified accounting procedures - Low administrative costs
Is the word quota a verb?
The word quota is a noun meaning: a proportional part or share of a fixed total amount or quantity.
Do quota-share insurance agreements exist anymore or are excess layer agreements the only form of liability insurance?
Yes, the quota-share insurance agreements still exist to this day.
What is Outward Reinsurance?
Reinsurance ceded by an insurer or re-insurer as opposed to inwards reinsurance which is reinsurance accepted.
When was Global Reinsurance created?
Global Reinsurance was created in 1990.
When was Reinsurance Group of America created?
Reinsurance Group of America was created in 1973.
What is the population of Reinsurance Group of America?
Reinsurance Group of America's population is 1,655.
What is Reinsurance Group of America's population?
The population of Reinsurance Group of America is 2,011.
Who are the buyers of reinsurance?
*Direct insurance company *Captive insurance company *Reinsurer However, there are no clear separation between buyers and sellers in reinsurance. Insurance company maybe a buyer (outward reinsurance) and a seller (inward reinsurance)
