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Author Question: Which of the following statements about reinsurance is true? A) A reinsurer may not purchase ... (Read 71 times)

Themember4

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on: Jul 11, 2018
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


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carlsona147

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: C


Themember4

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Reply 2 on: Jul 11, 2018
Wow, this really help

TheDev123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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