Exam (elaborations)
CAIB 2 Chapter 1-7 Review|227 Exam Study Questions with 100% Correct Answers | Verified|35 Pages
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Identify the company which assumes the greatest portion of an account? (Ch. 1) - ️️Lead company What is "reinsurance" (Ch. 1) - ️️Reinsurance is when an insurance company "cedes" part of the risk to a reinsurer. What are three considerations used when determining amounts of indemnity?...
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