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.

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Definitions:

Collective Effort Model

A theoretical framework that suggests individual motivation in group tasks is influenced by the expected outcomes of the collective effort.

Kohler Effect

A phenomenon where less capable members of a group perform better when working collectively than when working alone.

Brainstorming

A creative group problem-solving and idea-generation technique aiming to produce a broad range of potential solutions.

Creative Solutions

Innovative or unconventional approaches to solving problems or overcoming challenges.