Reinsurance ________.
A) allows the insured to reduce the premium by accepting a portion of the risk that would otherwise be allocated to the insurance company
B) allows insurance companies to reduce their risks of exposure by allocating a portion of the risk to another company in exchange for a portion of the premium
C) allows insurance companies to reduce their risks of exposure by allocating a portion of the risk to the insured in exchange for a rebate on the premium
D) None of the above
Correct Answer:
Verified
Q3: Life insurance company regulation is the responsibility
Q4: _ policies have a cash value which
Q5: Group life insurance _.
A)is sold to a
Q6: Property insurance companies _.
A)cover losses of real
Q7: Permanent life insurance is also known as
Q9: Permanent insurance is also known as _.
A)endowment
Q10: Reinsurance _.
A)is additional insurance to the insurance
Q11: Which of the following is likely to
Q12: Nonbank financial institution include _.
A)mutual savings banks
B)money
Q13: Issuing a _ is the same as
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