Which of the following statements are true with regard to reinsurance?
A) the reinsurance operation is subject to riba and gharar
B) insurable interest is vested in the reinsured party
C) reinsurance is a mechanism of the mitigation of great risks by transferring the risks to a large insurer known as reinsurer
D) all of the above
Correct Answer:
Verified
Q59: The main risk management technique for takaful
Q60: Retakaful, which has been structured in a
Q61: This type of family plan is usually
Q62: _ is also called "the mixed model".
A)
Q63: IFSB-8 suggests that the agency wakalah. fee
Q65: _ is not one of the three
Q66: In situations where it is clear that
Q67: The followings are examples of general takaful
Q68: Which of the following characteristics is NOT
Q69: When a deficit is recorded in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents