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North Carolina Reinsurance Facility March 8, 2022, CIRCULAR LETTER TO ALL MEMBER COMPANIES Re: Ceded Commercial Automobile Data Call The North Carolina Reinsurance Facility (NCR) requires to be ceded
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How to fill out ceded premium volume by

01
Obtain the ceded premium volume template from the reinsurance company or regulatory authority.
02
Fill in the required information such as policy number, premium amount, ceding company details, and reinsurance company details.
03
Ensure all data is accurate and consistent with the original policy documents.
04
Submit the completed ceded premium volume form to the relevant authority or reinsurance company for verification and approval.

Who needs ceded premium volume by?

01
Insurance companies that have purchased reinsurance coverage need to fill out ceded premium volume by to provide information about the policies ceded to the reinsurer.
02
Regulatory authorities may also require insurance companies to submit ceded premium volume data as part of their reporting and compliance requirements.
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Ceded premium volume refers to the amount of the total premium that an insurance company passes on to a reinsurer.
Insurance companies are required to file ceded premium volume.
Insurance companies must provide detailed information about the premium passed on to reinsurers in the designated reporting form.
The purpose of ceded premium volume is to accurately assess the amount of risk passed on to reinsurers and ensure proper financial reporting.
Insurance companies must report the amount of premium ceded, the reinsurer(s) involved, the terms of the reinsurance agreement, and any commissions paid.
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