Which of the following statements about reinsurance is true?
A) A reinsurer may not purchase reinsurance.
B) The reinsurer is responsible for providing claims services to the insured after a loss occurs.
C) The amount of insurance transferred to a reinsurer is called the net retention.
D) The insurer transferring business to a reinsurer is called the ceding company.
Correct Answer:
Verified
Q2: Which of the following statements about underwriting
Q3: Insurers obtain data which can be used
Q3: All of the following are reasons for
Q4: The function of an actuary is to
A)adjust
Q5: All of the following statements about the
Q8: The underwriting process begins with the
A)agent.
B)desk underwriter.
C)inspection
Q10: Which of the following is a function
Q13: Common sources of underwriting information for life
Q16: Which of the following statements about treaty
Q19: Which of the following statements about treaty
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