Reinsurance Is Defines As

question 130

Multiple Choice

Reinsurance is defines as:

• A) to pay another party to assume a stream of contingent expenses, for a premium over the expected cost
• B) to pay another party to assume a stream of contingent revenues, for an interest over the expected cost
• C) to sell another party to assume a stream of contingent assets, for a premium over the actual cost
• D) to sell another party to assume a stream of contingent expenses, for a discount over the expected cost

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Definitions:

Childhood Obesity

A condition characterized by a child having excess body fat that negatively affects their health and well-being, often resulting from a combination of genetic, behavioral, and environmental factors.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, such as coronary artery disease, hypertension, and heart failure.

Mental Operations

In Piaget’s theory, the mental process of combining, separating, or transforming information in a logical manner.

Logical Manner

A method of reasoning or problem-solving in a clear, structured, and coherent way.