When a company reinsures its liability with another, then it ________ business

Related MCQs

• Bronson Company manufactures tools that it sells to wholesalers. Bronson is concerned that it may be unable to collect money the company is owed by the wholesalers. To address this risk, Bronson Company could purchase
• A person employed to do any act for another or to represent another in dealing with a third person refers to
• Public liability Insurance act established in _______
• From the following which is not a type of Public Liability Risk Insurance
• The …………..company was the first insurance company to be set up in India to help the widows of the Europian community.
• Taylor Tobacco Company is concerned that the company may be held liable in a court of law and forced to pay a large damage award. The characteristics of the judicial system that increase the frequency and severity of losses is known as
• _________ is a contract between two insures i.e. original insurer and another insurer.
• Insurance business is based on __________.
• ………..is the first comprehensive legislation governed both life and non-life branches of insurance was enacted to provide strict state control over the insurance business in India.
• The ………….,has allowed cooperative societies to carry on insurance business.