One method through which reinsurance is provided is through an organization of insurers that underwrites insurance on a joint basis. Through the organization, financial capacity is available for large commercial risks
This reinsurance arrangement is a(n)
A) quota-share treaty.
B) surplus-share treaty.
C) excess-of-loss treaty.
D) reinsurance pool.
Answer: D
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An outcome to a disagreement in which both parties walk away feeling that they got what they wanted or needed is ________.
A. seamless service B. a win-win situation. C. stereotyping D. disparate treatment.
In U.S. trade law, Section 301, cases involve accusations of
a. international dumping by U.S. companies. b. full-cost pricing by U.S. companies. c. unfair trade practices by foreign nations. d. trade embargoes by foreign nations.
How do piecemeal personnel patterns differ from formal position classification systems?
What will be an ideal response?
Phoebe enters into a contract with Everest for a guided tour of Whitewater Canyon. Everest acts as though he is an experienced, knowledgeable guide, when in reality he has never been in the canyon. Phoebe is most likely a victim of A) undue influence
B) fraud. C) mistake. D) nothing.