New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The portion of risk that a reinsurance company cedes or

    amount of insurance the company chooses not to retain is called?
    A Universal Life Insurance Correct Answer Incorrect Answer
    B Unauthorized Reinsurance Correct Answer Incorrect Answer
    C Retro cession Correct Answer Incorrect Answer
    D Retrospective Rating Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Retrocession is a type of insurance wherein a reinsurance company takes on part of the risk assumed by another reinsurance company.

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