SOFE
SOFA-CFE · Question #160
SOFA-CFE Question #160: Real Exam Question with Answer & Explanation
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Question
Which of the following is the condition, which must be met, for a contract to indemnify the ceding company against loss or liability relating to insurance risk?
Options
- AThe reinsurer has assumed significant risk
- BIt is reasonably possible that the reinsurer may realize a significant loss
- CBoth A and B
- DNeither A nor B
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