Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-The function in insurance in which an insurance contract is prepared and issued is called _________________.

A) ceding company
B) cession
C) credibility
D) excess line treaty or first surplus treaty
E) excess-of-loss treaty
F) formal facultative agreement
G) severity
H) gross premium
I) independent adjusters
J) informal facultative agreement
K) inspection report
L) loading
M) loss ratio
N) manual, or class, rating
O) merit, or individual,
P) policy writing
Q) pools or syndicates
R) preferred risks
S) production
T) pure premium
U) quota share treaty
V) rate making
W) rating bureau, or rate-making association
X) reinsurance
Y) reinsurance pool or exchange
Z) schedule rating