The agreement of insurers to spread risks among themselve...
The agreement of insurers to spread risks among themselves is a major feature of?
reinsurance
life insurance
underwriter
marine insurance
Correct answer is A
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.
Citizens are against privatization mainly because of? ...
One of the principles of insurance is ...
An advantage of division of labour is _______? ...
The losses incurred in the running of Public Corporations are borne by the ...
The resources which are necessary for business development include? ...
Which of the following terms is used in marine insurance when the cargo suffers partial loss? ...
What is NOT an advantage of combinations (monopolies)? ...
The pooling of business information for the benefit of members is a major function of a? ...
Which of the following is a feature peculiar to multiple shops? ...