insurer XYZ is jointly covered for two lines surplus treaty reinsurance by reinsurers I,J,K and...

WAEC 2018

insurer XYZ is jointly covered for two lines surplus treaty reinsurance by reinsurers I,J,K and L for a retention limit of N120,000. The amount of cession for reinsurer K if all reinsurers share the risk equally with the sum insured of N360,000 is?

A. N45,000
B. N60,000
C. N90,000
D. N120,000

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Correct Answer: Option B

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