In ________ the individual risk is offered by an insurer for acceptance or rejection by re-insurer

Related MCQs

• _________ is a contract between two insures i.e. original insurer and another insurer.
• Re-insurer is the insurer who grants a guarantee from the_______
• Which of the statement are true? A. Risk retention and risk transfer are some of the techniques to manage risks. B. Implementation is one of the steps in risk management
• The proportion of the risk which the direct insurer holds on his own account is called _________
• Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.
• Risk management can be defined as the art and science of _________ risk factors throughout the life cycle of a project.
• Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called __________.
• The insurer agrees to compensate the insured in consideration of a sum of money is called
• ________ is a valid contract between the insured on the one side and the insurer on the other
• Insurance is a written agreement between the insurer and the________