Jonathan Purchased a Homeowners Policy from Alpha Insurance Company

Jonathan purchased a homeowners policy from Alpha Insurance Company.As Alpha was concerned about a high level of homeowners claims,it purchased excess-of-loss reinsurance with Beta Reinsurance.Beta agreed to pay all homeowners claims in excess of $10 million.Which of the following statements is true?

A) If Jonathan has a claim,Beta will adjust the claim.
B) Beta receives a fixed percentage of the homeowners premiums written by Alpha.
C) If any claims occur,Beta must pay a portion of each claim.
D) If Alpha's loss experience is favorable,Beta will not have to pay any losses.