Retrocession - Study guides, Class notes & Summaries
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Casualty Producer NJ- Exam Questions with 100% correct Answers
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Casualty Producer NJ- Exam Questions with correct Answers Powers and duties of Commissioner Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates Amount of days notice before hearing 10 Retrocession When a reinsurer transfers risks it has accepted to another insurer Producers can be Agents, brokers or both Insurance agent a licensed insurance producer who is ...
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RMI 3567 Exam 3 Questions and Answers Already Passed
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RMI 3567 Exam 3 Questions and 
Answers Already Passed 
 
Name four examples of alternative capital Pension Plan 
Endowments 
Hedge Funds 
Alt. Asset Manager 
 
what is it called when a reinsurer transfers risk to another reinsurer? Retrocession 
 
who is the reinsurer who the additional risk is ceded to? Retrocessionaire 
 
Who is the primary or reinsurer who transfers the risk? cedent 
 
Where are the top insurance markets? US 
 
China 
 
Japan 
 
What is the US insurance market driven by? prop...
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NJ EXAM QUESTIONS WITH CORRECT SOLUTIONS
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NJ EXAM QUESTIONS WITH CORRECT SOLUTIONS 
Which of the following is NOT an unfair claims practice? - Correct Answer ️️ -A- 
Refusing to pay a claim without investigating it 
B-Failing to affirm or deny coverage of claims within a reasonable time after proof of 
loss 
C-Promptly acknowledging communications pertinent to a claim 
D-Misrepresenting pertinent policy facts or provisions to claimants 
C- Promptly acknowledging communications pertinent to a claim is required with respect 
to claim ...
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Casualty Producer NJ- Exam Questions with correct Answers
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Casualty Producer NJ- Exam Questions with correct Answers 
 
Powers and duties of Commissioner Conduct research 
Make reasonable rules and regulations 
Issue orders and notices 
Issue insurance licenses and certificates of authority 
Impose penalties 
Approve insurance policy forms and rates 
 
Amount of days notice before hearing 10 
 
Retrocession When a reinsurer transfers risks it has accepted to another insurer 
 
Producers can be Agents, brokers or both 
 
Insurance agent a licensed ...
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Casualty Producer NJ- Exam Questions with 100% correct Answers
- Exam (elaborations) • 4 pages • 2022
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Powers and duties of Commissioner - ANSWER-Conduct research 
Make reasonable rules and regulations 
Issue orders and notices 
Issue insurance licenses and certificates of authority 
Impose penalties 
Approve insurance policy forms and rates 
 
Amount of days notice before hearing - ANSWER-10 
 
Retrocession - ANSWER-When a reinsurer transfers risks it has accepted to another insurer 
 
Producers can be - ANSWER-Agents, brokers or both 
 
Insurance agent - ANSWER-a licensed insurance producer wh...
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RMIN Test 2 Daniel Brown UGA Questions and Answers | Latest Update | 2024/2025 | 100% Pass
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RMIN Test 2 Daniel Brown UGA 
 
Questions and Answers | Latest Update | 
 
2024/2025 | 100% Pass 
 
Why is risk control essential in risk management, beyond just buying insurance? 
 Risk control reduces the frequency and severity of losses, making it easier to manage and 
transfer risks effectively. 
 
How does the law of large numbers benefit insurance companies? 
 The law of large numbers helps insurance companies predict losses more accurately by 
pooling a large number of similar risks. 
 
W...
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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...
-
RMI 3567 Exam 3 Questions with 100% Correct
- Exam (elaborations) • 14 pages • 2024
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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...
-
RMI 3567 Exam 3 Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 12 pages • 2024
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Name four examples of alternative capital - Answer-Pension Plan 
Endowments 
Hedge Funds 
Alt. Asset Manager 
what is it called when a reinsurer transfers risk to another reinsurer? - Answer-Retrocession 
who is the reinsurer who the additional risk is ceded to? - Answer-Retrocessionaire 
Who is the primary or reinsurer who transfers the risk? - Answer-cedent 
Where are the top insurance markets? - Answer-US 
China 
Japan 
What is the US insurance market driven by? - Answer-property and casualty...
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Casualty Producer NJ Exam Questions with Verified Answers
- Exam (elaborations) • 5 pages • 2024
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Casualty Producer NJ Exam Questions with 
Verified Answers 
Powers and duties of Commissioner - answerConduct research 
Make reasonable rules and regulations 
Issue orders and notices 
Issue insurance licenses and certificates of authority 
Impose penalties 
Approve insurance policy forms and rates 
Amount of days notice before hearing - answer10 
Retrocession - answerWhen a reinsurer transfers risks it has accepted to 
another insurer 
Producers can be - answerAgents, brokers or both 
Insurance...
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