Reinsurance commission

Discussion in 'SP8' started by Adithyan, May 18, 2018.

  1. Adithyan

    Adithyan Very Active Member

    Why is reinsurance commission only provided in proportional reinsurance?

    Solution 20.1
    Commission will only apply if commission is payable to the cedant, which normally
    applies only for proportional reinsurance.

    Reinsurance will not apply, but retrocession (when a reinsurer buys its own
    reinsurance) will.
    Insurance premium tax is not necessarily payable on reinsurance premiums (for
    example, in the UK).

    Thank you

    Regards
    Amarnath
     
  2. Pede

    Pede Member

    See Ch6 p20
     

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