Multiple Choice
A type of reinsurance treaty in which an insurer accepts a given amount of loss before the reinsurers must pay anything is a feature of all but one of the following:
A) formal facultative,
B) first surplus,
C) excess of loss,
D) spread of loss,
E) excess line.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Match the descriptions with their terms:<br>-In life
Q4: If an insured group develops loss experience
Q5: Match the descriptions with their terms:<br>-A method
Q6: The loss ratio method of rate making
Q7: Match the descriptions with their terms:<br>-A reinsurance
Q9: Merit rating is aimed at adjusting an
Q10: Match the descriptions with their terms:<br>-The statistical
Q11: Match the descriptions with their terms:<br>-In property-liability
Q12: Which of the following generalizations is most
Q13: An excess-of-loss treaty is a form of