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 67 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
:D TYSM


Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

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.

For a complete list of videos, visit our video library