SOFE
SOFA-CFE · Question #322
SOFA-CFE Question #322: Real Exam Question with Answer & Explanation
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Question
There could be a difference between the actual loss incurred by the ceding company for the catastrophe event and the contractual recovery afforded under the Industry Loss Warranty Contract, this risk is referred to as:
Options
- Aabsolute risk
- Bcontract risk
- CLoss adjustment risk
- Dbasis risk
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