In India particularly in the Public Sector General Insurance Companies the general Insurance business is procured by development staff Directly or through against. The development staff are paid full time employees of the companies. The function of the development staff are: (i) to recommend for recruitment, assist in training, guide and motivate the Agents for procuration of general Insurance business, (ii) to develop and service general Insurance business in the area under his jurisdiction. (iii) to prepare and issue cover notes and kuccha receipts. (iv) to service any business which may be assigned to him by the Company. (v) to discharge such other functions as may be assigned to him by the Company and (vi) to maintain diary in format prescribed from time to time by the Corporation and present it when demanded by the superiors.

A statement by an original insurer showing details of every claim falling within a proposed reinsurance with figures for the amounts paid and outstanding at the end of each year from the date of occurrence until final settlement.

The ratio measures reserve deficiency or redundancy in relation to policyholder surplus. This ratio reflects the degree to which year-end surplus was either overstayed (+) or understated (-) in each of the past several years, if original reserves had been restated to reflect subsequent development through year end.

Risks attaching to products which have recently been launched and which for scientific or technological reasons cannot be anticipated due to the newness of the product.

Risks attaching to products which have recently been launched and which for specific or technological reasons cannot be anticipated due to the newness of the product. This may apply to a situation where a new product is introduced in an area where there is no prior experience that it will survive successfully under the prevailing conditions and risk exposures in the area.

To file or use a rate that is based on but departs from a standard bureau rate.