A type of reinsurance treaty in which an insurer accepts a given amount of loss before the reinsurers must pay anything is a feature of all but one of the following:
A) formal facultative,
B) first surplus,
C) excess of loss,
D) spread of loss,
E) excess line.

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The Answer of A type of reinsurance treaty in which an insurer accepts a given amount of loss before the reinsurers must pay anything is a feature of all but one of the following:
A) formal facultative,
B) first surplus,
C) excess of loss,
D) spread of loss,
E) excess line.

A Type of Reinsurance Treaty in Which an Insurer Accepts