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Flashcards in Odomorik 11 Deck (6)
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1

Two parts of general interrogatories

Part 1: Common - general questions applicable to all insurers
Part 2: Specific to type of insurer

2

Common interrogatories sections

General
Board of Directors
Financial
Investment
other

3

General section of interrogatories

Holding company relationships
Latest financial exams
Excessive commission levels
Mergers
Suspension of Licenses
Foreign Control

4

P&C Interrogatories

Exposure to CATs and excessive losses
Process to calculate PML
Level of reinsurance
Exposure to warranty business
Finite reinsurance

5

Finite reinsurance

Reinsurance that does not transfer UW or timing risk

6

Finite reinsurance interrogatories

1) Ceded reinsurance that:
Resulted in UW gain of 5% of surplus
Was accounted for as reinsurance
Duration of at least 2 years and non-cancelable
Abnormal paying terms
2) Ceded premium > 50% of gross premium or at least 25% retroceded back