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Regarding Facultative Reinsurance Placing , What does the term Indication mean?

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Question added by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company
Date Posted: 2016/02/14
Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

Indication mean a non-binding statement or quotation by R/I underwriter of the likely level of premium that he would charge to underwrite a risk , subject to the provision of additional information.

Kind regards.

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