Which of the Following Statements About Reinsurance Is True

question 9

Multiple Choice

Which of the following statements about reinsurance is true?

• A)A reinsurer may not purchase reinsurance.
• B)The reinsurer is responsible for providing 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.

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Definitions:

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A chemical substance produced in the body that controls and regulates the activity of certain cells or organs.

Cortisol

Cortisol is a steroid hormone produced by the adrenal glands, often released in response to stress and used as a marker for the body's stress response.

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Cognitive Realms

Areas or aspects of mental processes and functions, including perception, memory, reasoning, and problem-solving.