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Business, 18.09.2019 01:30 sukhmanksidhu
Granite insurance company entered into a treaty reinsurance agreement with rock solid reinsurance (rsr). granite's retention limit is $400,000 and rsr agreed to provide reinsurance for up to $2.0 million. if granite writes an $800,000 policy, rsr is responsible for 50 percent of the losses. if granite insures a $1.6 million risk, rsr is responsible for 25 percent of any losses. what type of reinsurance arrangement did granite enter into with rsr?
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