Sir please explain this line " in case the statement is not received, the premium is accounted for on the basis of advices to ensure that all premium in respect of risk assumed in any year is booked in the same year"

1 answer

Ravi Staff May 23, 2019

advices means intimation 
co-insurance inward is recorded on the basis of statement received from lead co-insurer 
if it is not received ask lead insurer to send atleast intimation of particular information 

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