This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements about treaty reinsurance is true? A) The reinsurer is required ... (Read 65 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
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
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D




fbq8i

  • Member
  • Posts: 527
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it


pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

For a complete list of videos, visit our video library