Reinsurer - Study guides, Class notes & Summaries
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Ohio Personal Lines (Insurance Exam) UPDATED Actual Exam Questions and CORRECT Answers
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Ohio Personal Lines (Insurance Exam) 
UPDATED Actual Exam Questions and 
CORRECT Answers 
Stock Insurance Company - CORRECT ANSWER- Issues non-participating policies and 
is owned by stockholders who received taxable corporate dividends as a return profit 
Reinsurance - CORRECT ANSWER- The transfer of risk between insurance companies. 
The reinsurer assumes some or all of the risks of the ceding, or primary, insurance company 
Domestic - CORRECT ANSWER- Insurer organized under the laws of the...
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NC Adjuster License Practice Exam Combined Set Questions With Reviewed Correct Answers
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NC Adjuster License Practice 
Exam Combined Set Questions 
With Reviewed Correct Answers 
What type of insurance operation is used to insure unusual risks? 
ANSWER 
Lloyds of London 
An insurance company that has its headquarters in New York state 
doing business in North Carolina would be considered which of the 
following under North Carolina insurance regulations? 
ANSWER 
Foreign Insurer 
A __________ is a contract type in which the insurer agrees to pay a 
specific sum of m...
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PA Life Insurance Exam – Latest 2024 Graded A+
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PA Life Insurance Exam – Latest 2024 
 
Graded A+ 
 
Risk Uncertainty or chance of loss. When you buy or purchase insurance, you transfer the 
risk of Financial Liability to the Insurer (Risk Transferred). 
 
Self Insured You are considered to be Self-Insured if you do not purchase insurance. 
 
Risk Retention Not transferring the risk to the insurer. If you are Self Insured, then you are 
practicing Risk Retention. 
 
Pure Risk Chance of LOSS with NO chance of gain. Insurance is based upon th...
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RMI 3567 Exam 3 Questions with 100% Correct
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RMI 3567 Exam 3 Questions with 100% Correct 
Name four examples of alternative capital - Correct Answer ️️ -Pension Plan 
Endowments 
Hedge Funds 
Alt. Asset Manager 
what is it called when a reinsurer transfers risk to another reinsurer? - Correct Answer ️️ 
-Retrocession 
who is the reinsurer who the additional risk is ceded to? - Correct Answer ️️ - 
Retrocessionaire 
Who is the primary or reinsurer who transfers the risk? - Correct Answer ️️ -cedent 
Where are the top insuran...
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Life & Health Insurance Exam (Arkansas) Questions With Verified Solutions
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Life & Health Insurance Exam (Arkansas) Questions With Verified Solutions 
 
Reserves - ANS Funds held by the company to fulfill future claims. Funds are set by the state department of insurance. 
 
Multi-line Insurer - ANS An insurance company selling more than one line of insurance. (Ex. Home, auto, health, etc) 
 
Stock Companies - ANS Owned and controlled by stockholders, whose investment set the safety margin. Guaranteed fixed premiums. Nonparticipating policies. 
 
non participating...
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LOMA 281 Test Questions with Correct Answers
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LOMA 281 Test Questions with Correct 
Answers 
 
Contracts of Indemnity - Answer-base benefits on the actual amount of the financial loss 
that results from a covered event when it occurs, subject to maximum limits (other than 
life insurance) 
Valued Contract - Answer-life insurance policies which state the benefit payable at the 
time of the policy issue 
Retrocessionaire - Answer-The reinsurer that assumes all or part of the reinsurance risk 
accepted by another reinsurer 
Stock Insurer - Ans...
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LOMA 291 EXAM QUESTIONS & ANSWERS 100% ACCURATE!!
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Stakeholders (constituents) - ANSWERA party that has an interest in how a company conducts its business 
 
Dividend - ANSWERCompensation that a company may pay to owners upon a vote by thr company's board of directors 
 
Reinsurance - ANSWERInsurance that one insurance company, the direct writer, purchases from another insurance company, the reinsurer, to transfer all or part of the risk on insurance policies that the direct writer issued 
 
Inside directors - ANSWERA member of the board of dir...
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Massachusetts Life and Health Insurance Exam Study Guide.
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Massachusetts Life and Health Insurance 
Exam Study Guide. 
Insurance - answerTransfer of Risk 
Risk - answerUncertainty/ Possibility of Loss 
Exposure - answerRisks for which the insurance company would be liable 
Peril - answerCause of Loss 
Hazard - answerSomething that causes an increase in the chance of loss 
Physical Hazard - answerHazard that can be seen 
Moral Hazard - answerA belief that intentionally causing a loss is acceptable 
Morale Hazard - answerCarelessness 
STARR - answerMethod...
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CAIB 2 Chapter 1-7 Review Questions & Answers 100% Correct!!
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Identify the company which assumes the greatest portion of an account? (Ch. 1) - ANSWERLead company 
 
What is "reinsurance" (Ch. 1) - ANSWERReinsurance is when an insurance company "cedes" part of the risk to a reinsurer. 
 
What are three considerations used when determining amounts of indemnity? (ch 1) - ANSWER1. Actual cash value of property as it existed immediately prior to loss. 2. The interest of the insured in the property. 3. The amount of insurance as shown on the policy. 
 
Why d...
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Life & Health Insurance Exam (Arkansas). 218 Questions with 100% Correct Answers | Verified | Updated 2024.
- Exam (elaborations) • 21 pages • 2024
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Life & Health Insurance Exam (Arkansas). 218 Questions with 100% Correct Answers | Verified | Updated 2024. 
 
Reserves 
Funds held by the company to fullfull future claims. Funds are set by the state department of insurance. 
Multi-line Insurer 
An insurance company selling more than one line of insurance. (Ex. Home, auto, health, etc) 
Stock Companies 
Owned and controlled by stockholders, whose investment set the safety margin. Guaranteed fixed premiums. Nonparticipating policies. 
nonpartici...
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