This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about treaty reinsurance is true? A) The reinsurer is required ... (Read 56 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jul 11, 2018
Which of the following statements about treaty reinsurance is true?
 
  A) The reinsurer is required to underwrite each individual applicant that is reinsured.
  B) The reinsurer must accept all business that falls within the scope of the treaty.
  C) The ceding insurer can choose which business falling within the scope of the treaty it wishes to reinsure.
  D) It protects the reinsurer by requiring the ceding insurer to charge adequate premiums.

Question 2

A reinsurance contract that is entered into on a case-by-case basis after an application for insurance is received by a primary insurer is called
 
  A) a reinsurance pool.
  B) automatic treaty reinsurance.
  C) retrocession.
  D) facultative reinsurance.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tuate

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


fbq8i

  • Member
  • Posts: 527
Reply 2 on: Jul 11, 2018
Wow, this really help

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
How to convert verbal statements into algebraic equations (Part 2) How to convert verbal statements into algebraic equations (Part 2)
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
Twenty percent of the automobiles inspected at a state inspection station required repairs to ... Twenty percent of the automobiles inspected at a state inspection station required repairs to ...
Video: Metaphase I Animation

For a complete list of videos, visit our video library