Professional reinsurance companies:
A) engage only in reinsurance transactions
B) make up only a small part of the reinsurance market
C) are located only in the United States
D) also act as primary insurers
Correct Answer:
Verified
Q51: In reinsurance, the primary insurer is also
Q52: Pro-rata reinsurance coverage may be either facultative
Q53: Reinsurance transactions do not occur in life
Q54: When a primary insurer "cedes" coverage to
Q55: The brokerage function does not exist in
Q57: Direct writing insurance companies typically use independent
Q58: An agency contract determines the rights and
Q59: In reinsurance, the reinsurer is also known
Q60: Catastrophe reinsurance can be described as a
Q61: What is the relationship between the underwriter
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