Question

What is the significance of reinsurance in the business of insurance?

a.

It is of no importance.

b.

It is of considerable importance.

c.

It is important only for specialized insurers.

d.

It is important only for direct insurers.

Posted under IC85 Reinsurance Management

Answer: (b).It is of considerable importance. Explanation:Reinsurance is of considerable importance in the business of insurance.

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