A functional reinsurance is that it
...A functional reinsurance is that it
protects the account of the insurer against large claims
discourage the spread of risk in the insurance market
provides protection for uninsured losses
encourages the insured to make claims from more than one insurer
Correct answer is A
Reinsurance is also known as insurance for insurers or stop-loss insurance.Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim.
The subject matter of insurance in the package is? ...
A ''no claim discount'' will be granted under ...
An attachment to an insurance policy that modifies the policy is? ...
one of the duties of a loss adjustor is ...
The policy which covers either death or disability resulting from an injury is ...
claims paid by insurers in the event of loss is irrecoverable when the? ...
which of the following professionals is an operator in the reinsurance market? ...