All of the Following Statements About Reinsurance Are True EXCEPT

All of the following statements about reinsurance are true EXCEPT

A) A reinsurer may also purchase reinsurance.
B) Reinsurance is an arrangement by which the primary insurer that initially writes the insurance transfers to another insurer part or all of the potential losses associated with such insurance.
C) The insurer transferring business to a reinsurer is called the ceding insurer.
D) The amount of insurance transferred to a reinsurer is called the net retention.