The proportion of the risk which the direct insurer holds on his own account is called _________
A) Cession
B) Retention
C) Retrocession
D) Line
Correct Answer:
Verified
Q1: _ means insuring a risk with two
Q2: _ involves proportionate sharing of the insurance
Q3: _ means insuring again.
A)General insurance
B)Reinsurance
C)Coinsurance
D)Double insurance
Q5: Re-insurer is the insurer who grants a
Q6: From the following which is not a
Q7: _ insurance means an alternative to purchasing
Q8: _ Insurance is a contract to provide
Q9: An unlooked mishap or an untoward event
Q10: Crop insurance scheme came into existence in
Q11: Public liability Insurance act established in _
A)1990
B)1991
C)1992
D)1993
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