Reinsurance ________

question 106

Multiple Choice

Reinsurance ________.

• A)allows the insured to reduce the premium by accepting a portion of the risk that would otherwise be allocated to the insurance company
• B)allows insurance companies to reduce their risks of exposure by allocating a portion of the risk to another company in exchange for a portion of the premium
• C)allows insurance companies to reduce their risks of exposure by allocating a portion of the risk to the insured in exchange for a rebate on the premium
• D)None of the above

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Definitions:

Property Crime

Crimes that involve the theft or destruction of someone else's property, such as burglary, larceny, arson, and theft.

Relatively Rational

decision-making or thinking that is sensible within a specific context, acknowledging that rationality can vary based on circumstances and perspectives.

Little Decision Making

Situations where individuals have minimal or no choice in the decisions affecting them.

Violence Against

The use of physical force or power, threatened or actual, to cause harm, injury, or abuse toward others.