Solved

Insurance Company XYZ Has an Agreement to Bear 15 Percent

Question 25

Multiple Choice

Insurance Company XYZ has an agreement to bear 15 percent of all losses and to retain 15 percent of all premiums in a certain type of insurance. Apparently, XYZ has reinsurance of which type?


A) formal facultative,
B) informal facultative,
C) excess of loss,
D) spread of loss,
E) quota share.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Failure to investigate a claim promptly is

Q21: Match the descriptions with their terms:<br>-That portion

Q22: Match the descriptions with their terms:<br>-Under a/an

Q23: Match the descriptions with their terms:<br>-A/An _

Q24: Match the descriptions with their terms:<br>-A rating

Q26: The amount of risk retained by a

Q27: Claims management in insurance is characterized by

Q28: The pure premium is<br>A) the same as

Q29: Match the descriptions with their terms:<br>-The two

Q30: Match the descriptions with their terms:<br>-The name