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ACID 2021DNA1 QUOTA SHARE REINSURANCE CONTRACT No. 21W01J1068 Effective January 29, 2021 (this \” Contract\”) entered into by and between White Rock Incorporated Cell 4, Inc. Burlington, Vermont

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How to fill out quota share

01

Determine the desired quota share percentage, which represents the portion of risk the insurer wishes to cede to a reinsurer.

02

Identify a suitable reinsurance company to serve as the reinsurer.

03

Negotiate the terms and conditions of the quota share agreement, including premiums and coverage limits.

04

Complete the necessary paperwork and documentation to formalize the quota share arrangement.

05

Monitor and assess the performance of the quota share agreement to ensure it is meeting the desired objectives.

Who needs quota share?

01

Insurance companies looking to transfer a portion of their risk exposure to another party.

02

Reinsurance companies looking to take on additional risk exposure in exchange for premiums.

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What is quota share?

Quota share is a reinsurance arrangement in which the insurer cedes a portion of its risk to a reinsurer.

Who is required to file quota share?

Insurance companies are required to file quota share.

How to fill out quota share?

Quota share can be filled out by providing information about the ceded amount, premium ceded, and policy details.

What is the purpose of quota share?

The purpose of quota share is to spread the risk of insurance policies among multiple insurers or reinsurers.

What information must be reported on quota share?

Information such as ceded amount, premium ceded, policy details, and reinsurer details must be reported on quota share.

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