Match the descriptions with their terms:
-The name given a primary insurer transferring part of the risk to the reinsurer is the _________________.
A) ceding company
B) cession
C) credibility
D) excess line treaty or first surplus treaty
E) excess-of-loss treaty
F) formal facultative agreement
G) severity
H) gross premium
I) independent adjusters
J) informal facultative agreement
K) inspection report
L) loading
M) loss ratio
N) manual, or class, rating
O) merit, or individual,
P) policy writing
Q) pools or syndicates
R) preferred risks
S) production
T) pure premium
U) quota share treaty
V) rate making
W) rating bureau, or rate-making association
X) reinsurance
Y) reinsurance pool or exchange
Z) schedule rating
Correct Answer:
Verified
Q34: Match the descriptions with their terms:
-In life
Q35: Match the descriptions with their terms:
-In property-liability
Q36: Match the descriptions with their terms:
-The statistical
Q37: Match the descriptions with their terms:
-In property-liability
Q38: Match the descriptions with their terms:
-When an
Q40: Match the descriptions with their terms:
-In reinsurance,
Q41: Match the descriptions with their terms:
-A type
Q42: Match the descriptions with their terms:
-A reinsurance
Q43: Match the descriptions with their terms:
-When several
Q44: Match the descriptions with their terms:
-A/An _
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