All of the Following Are Methods That a Property and Liability

question 50

Multiple Choice

All of the following are methods that a property and liability insurance company can use to protect against catastrophic losses EXCEPT

• A)sale of catastrophe bonds.
• B)purchase of common stock.
• C)purchase of excess-of-loss reinsurance.
• D)quota share reinsurance with a low retention percentage.

---

Definitions:

Decoding

Interpretation or translation of encoded data into a readable format.

Sounds

Vibrations that travel through the air or another medium and can be heard when they reach a person's or animal's ear.

Values

Fundamental beliefs or principles that guide behaviors, decisions, and actions within societies or individuals.

Critical Listening

The skill of evaluating and analyzing spoken words for understanding and response, emphasizing careful attention and judgement.