Multiple choice general knowledge

while issuing the endrosement the reinsurance setting is comes from the master's reinsuracne setting

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Unlike new business, when issuing an endorsement, the reinsurance setting does NOT come from the master's reinsurance setting. Endorsements have their own reinsurance logic and may require separate reinsurance arrangements. The system treats endorsements differently from new business for reinsurance purposes, which is a key distinction in insurance policy administration.

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