When a Primary Insurer "Cedes" Coverage to a Reinsurer, the Process

question 29

Multiple Choice

When a primary insurer "cedes" coverage to a reinsurer, the process is called:

• A) reinsurance
• B) automatic coverage
• C) retrocession
• D) cession

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Definitions:

Nuclear Attacks

The use of nuclear weapons against an enemy target, with catastrophic effects on the target area and significant long-term environmental and health impacts.

Mass Consumption

Refers to the widespread purchasing of goods and services by a large portion of the population, typically in an industrial or post-industrial economy.

Postwar American Culture

The societal attitudes, norms, and cultural expressions that emerged in the United States following the end of World War II, characterized by economic prosperity, suburban expansion, and the rise of consumerism.

Cultural Critics

Individuals who analyze and commentate on cultural phenomena, including art, literature, media, and societal trends, often offering critiques from various ideological perspectives.