When a primary insurer "cedes" coverage to a reinsurer, the process is called:
A) reinsurance
B) automatic coverage
C) retrocession
D) cession
Correct Answer:
Verified
Q49: If Fidelity Reinsurance agrees to reinsure all
Q50: Pro-rata reinsurance determines the reinsurer's share of
Q51: In reinsurance, the primary insurer is also
Q52: Pro-rata reinsurance coverage may be either facultative
Q53: Reinsurance transactions do not occur in life
Q55: The brokerage function does not exist in
Q56: Professional reinsurance companies:
A) engage only in reinsurance
Q57: Direct writing insurance companies typically use independent
Q58: An agency contract determines the rights and
Q59: In reinsurance, the reinsurer is also known
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