'Reinsurance' refers to the practice by insurance companies of:

Related MCQs

• Discuss the social purpose and organization of health care insurance. Moral hazard by insurance companies can result in:
• Diversification is one way in which insurance companies can protect themselves against:
• Results in the practice of too narrowly defining one’s business
• Successful service companies focus their attention on both their customers and their employees. They understand ___________________, which links service firm profits with employee and customer satisfaction.
• Which of the following characteristics/situations qualifies a patient for benefits under a long term care insurance contract?
• Which of the following laws requires that employers offer continuation of health care insurance after a person leaves employment?
• By taking out insurance cover an individual:
• Pension and life insurance funds hold few short-term assets because
• SSTS refers to __________
• __________cost refers to the product’s purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value