SOFE
SOFA-CFE · Question #309
SOFA-CFE Question #309: Real Exam Question with Answer & Explanation
The correct answer is B. assuming company, ceding company. See the full explanation below for the reasoning.
Question
Reinsurance is the acceptance by one insurer, known as the reinsurer or the ______________, of all or part of the risk of loss of another (the original) insurer, called the _______________.
Options
- Aassuming company, insurance company
- Bassuming company, ceding company
- Cinsurance company, assuming company
- DReimbursement Company, primary company
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