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

Author Question: Which of the following statements about reinsurance is true? A) A reinsurer may not purchase ... (Read 70 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
Which of the following statements about reinsurance is true?
 
  A) A reinsurer may not purchase reinsurance.
  B) The reinsurer is the first insurer that provides claims services to the insured after a loss occurs.
  C) The amount of insurance transferred to a reinsurer is called the net retention.
  D) The insurer transferring business to a reinsurer is called the ceding company.

Question 2

Factors that may result in more restrictive underwriting decisions include which of the following? I. Inadequate rates. II. The unavailability of reinsurance at favorable terms.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

Answer: D

Answer to Question 2

Answer: C




Themember4

  • Member
  • Posts: 538
Reply 2 on: Jul 11, 2018
Gracias!


Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

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?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library