If there is no specific contract with a due date for reinsurance premiums, when are they considered due?

If there is no specific contract with a due date for reinsurance premiums, when are they considered due?

• A. 30 days after date at which notice of premium is provided to the ceding company
• B. 30 days after date at which the assuming entity books the premium
• C. 15 days after notice
• D. 60 days after date of policy inception

Answer: (A)