Question

Reinsurance is a contract between ______________and ___________________.

a.

Insurer and insured

b.

Insured and Underwriter

c.

Underwriter and reinsurer

d.

Insurer and reinsurer

Posted under IC85 Reinsurance Management

Answer: (d).Insurer and reinsurer Explanation:Reinsurance is a separate contract between the insurer and the reinsurer. Each of these contracts is independent of the other. The reinsurer agrees to indemnify the insurer for all or part of the risk underwritten by the latter.

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Q. Reinsurance is a contract between ______________and ___________________.
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