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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