Insurance Company XYZ has an agreement to bear 15 percent of all losses and to retain 15 percent of all premiums in a certain type of insurance. Apparently, XYZ has reinsurance of which type?
A) formal facultative,
B) informal facultative,
C) excess of loss,
D) spread of loss,
E) quota share.
Correct Answer:
Verified
Q49: Match the descriptions with their terms:
-A/An _,
Q50: Match the descriptions with their terms:
-Under a/an
Q51: Match the descriptions with their terms:
-The _
Q52: Which of the following generalizations is most
Q53: Claims management in insurance is characterized by
Q55: Supervision of advertising programs of insurers is
Q56: The pure premium is
A) the same as
Q57: The main difference between pricing insurance and
Q58: An insurance rate must by law in
Q59: The concept of "fairness" in insurance rate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents