A Reinsurance Contract That Is Entered into on a Case-By-Case

question 28

Multiple Choice

A reinsurance contract that is entered into on a case-by-case basis after an application for insurance is received by a primary insurer is called

• A)a reinsurance pool.
• B)automatic treaty reinsurance.
• C)retrocession.
• D)facultative reinsurance.

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Definitions:

Photoreceptors

Cells in the retina of the eye that are sensitive to light and convert it into signals that can lead to visual perception.

Brightly Lit

An environment or area that is well illuminated with light, often used to describe spaces designed to enhance visibility.

Colors

Visual properties perceived by the eye and brain due to the way an object reflects or emits light, often evoking psychological and emotional responses.

Signal Detection Theory

A theoretical framework used to understand how decision makers differentiate between important stimuli in the presence of noise, focusing on the ability to correctly identify signals.