Insurance by Another Insurer of All or Part of a Risk

question 10

True/False

Insurance by another insurer of all or part of a risk previously assumed by an insurance company is called reinsurance.

---

Definitions:

Species

Group of similarly constructed organisms capable of interbreeding and producing fertile offspring; organisms that share a common gene pool; the taxon at the lowest level of classification.

Individuals

Refers to distinct beings, often used in the context of discussing singular human beings.

Arachnid

Group of arthropods that includes spiders and scorpions.

Cephalothorax

A body region found in arachnids and some crustaceans, where the head and thorax are fused into one unit.