Calamity Casualty Insurance Company, a primary insurer, has a quota share treaty with Whitecherry Reinsurance Company,...
Calamity Casualty Insurance Company, a primary insurer, has a quota share treaty with Whitecherry Reinsurance Company, with a 70% retention. Calamity Casualty insured the Acme Equipment Dealer for a limit of $2,000,000 and a premium of $1,000. What amount of the premium will Whitecherry Re receive? Show calculations. [Ignore ceding commissions for this exercise.]
Homework Answers
Total Premium paid by Acme Equipment Dealer = $1,000
Calamity Casualty Insurance Company Ratio = 70%
Whitecherry Reinsurance Company Ratio = 30%
Premium Received by Whitecherry Reinsurance Company = 30% of $1,000 = $300
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Calamity Casualty Insurance Company, a primary insurer, has a
quota share treaty with Whitecherry Reinsurance Company,...
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insurance 9. Connie has a major medical policy with a $400 deductible and a 80-20 coinsurance (percentage participa...
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