Which of the options given are true regarding the remarks related to the reinsurance definition?

Why a company would elect to do a multiple line cover as opposed to separate property and casualty excess treaties?

Which of the following given options from below do you consider to be a true/valid insurance type?
I. Liability Insurance.
II. Guarantee Insurance.
III. Social Insurance.
IV. Personal Insurance.

Which of the statement from the solutions offered about prudent insurers do you consider to be true?

Which of the below about the surplus reinsurance is similar to quota share reinsurance?

Which is considered to be one of the disadvantages of facultative reinsurance?

How could the catastrophe reinsurance be defined if we look at the options given here?

Which are the factors affecting retention selection in most of the cases?
I. The maximum amount the primary insurer can retain.
II. The maximum amount the primary insurer wants to retain.
III. Minimum retention sought by the reinsurer.
IV. Co-participation provision.

What could be some of the reasons or causes that insurance has some regulation imposed?
I. To protect consumers.
II. To maintain insurer solvency.
III. To prevent destructive competition.
IV. To maintain customers accounts.

What are some of the acquisition costs for any type of reinsurance, in any situation?

Which are the most often and known primary proportional reinsurance plans usually used?
I. Yearly Renewable Term (YRT).
II. Coinsurance.
III. Modified Coinsurance (ModCo).
IV. Reinverted insurance.

Which are the situations the coinsurance premium and allocation calculation are used?
I. Applicable to any insurance.
II. Most often used for the term.
III. Can be used for CV product.
IV. Temporary flat extras and ancillary benefits.

What does the assumption reinsurance model act require notification from policyholders, agents, and brokers?
I. Date of transfer and novation.
II. Name, address, and phone number of assuming and transferring insurer.
III. Policyholder’s right to consent to transfer and novation.
IV. Procedures and time limit for consenting or rejecting.

Which of the below are true regarding the life insurer capital requirements?
I. The capital requirements of an insurer can be managed through debt.
II. The capital requirements of an insurer can be managed through reinsurance.
III. The capital requirements of an insurer can be managed through equity.
IV. The capital requirements of an insurer can be managed through any combination of these.

What can it be understood through the life reinsurance regulatory environment?

Which of the statements are true about the role of regulators in reinsurance?

Which from the statements provided is true about the retrospective approach in the basic accounting insurance context?

Which of the below is a true statement about the reinsurance contracts in any situation?

How does in general reinsurance policy work considering the statements offered?
I. Reinsurer agrees to indemnify the insurance company and has no obligations against a customer’s claim against the ceding company.
II. The clientele of reinsurance firms is almost entirely made up of primary insurers from all classes of insurance.
III. A claim affects the reinsurance agreement.
IV. The reinsurer’s claim department consider day-to-day claims to be the responsibility of the primary insurer only.

Knowing that the insurance is a contract by which one seeks to protect, which of the below is the correct answer?
I. Exposure and hazards.
II. Uncertainty.
III. Dropping.
IV. Loss.

When does the offer is usually made in insurance considering the options given?
I. An applicant submits an application to the insurer.
II. The insurer approves the application and receives the initial premium.
III. The agent hands the policy to the policyholder.
IV. An agent explains the policy to a potential applicant.

Which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting?
I. Reciprocal.
II. Stocking
III. Stock.
IV. Mutual.

Which of the below best describes the idea of indemnification considering the options given?

What life insurance policy provision states that both the policy and a copy of the application form the contract between the policy owner and the insured?

What happens to a policy’s cash value under an extended-term nonforfeiture option?

Who controls changes in the premium payments, face values, and loans in a life insurance policy?

What provision in a life insurance policy extends coverage beyond the premium due date?

What type of beneficiary can be changed at any other point by the policy owner if the want that?

What is the advantage of reinstating a life insurance policy as opposed to applying for a new one?

What life insurance policy provision prevents an insurer from disputing a claim due to misstatements on the application after a certain period of time?