If Fidelity Reinsurance Agrees to Reinsure All Autos That Meet

question 9

Multiple Choice

If Fidelity Reinsurance agrees to reinsure all autos that meet the underwriting rules specified in the contract with the primary insurer, this type of arrangement is:

• A) an automatic treaty
• B) individually negotiated
• C) excess of loss
• D) facultative

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Definitions:

Masqueraders

Participants in a masquerade, wearing costumes and masks to conceal their identity, often part of traditional ceremonies, festivals, or modern-day parties and balls.

Traditional African Culture

The diverse social practices, languages, art, and rituals that have historically existed and continue to exist within African societies.

Royal Ancestral Shrine

A shrine dedicated to the worship and commemoration of deceased monarchs and their ancestors, significant in various cultures for honoring royal lineage.

Elephant-Tusk Carvings

Sculptural artworks crafted from the ivory of elephant tusks, often seen in African and Asian cultures as symbols of wealth and status.