1) In order to be financially
protected by an insurer, an
insured must pay premium
regula...
SAT, 13.01.2021 09:50 jaylanmahone223
1) In order to be financially
protected by an insurer, an
insured must pay premium
regularly to the insurer.
True or False?
2) A risk that can be insured must fulfill the principle of insurable interest. this is whereby clients must have legal right on the things or life they want to insure.
True or False?
3) 90% quota share reinsurance means ceding insurer retains 90% and transfers 10% risk to a reinsurer.
True or False?
Answers: 3
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