Question

Who is an intermediary that negotiates contracts of reinsurance on behalf of the reinsured?

a.

A reinsured

b.

A binder

c.

An acceptor

d.

A broker

Answer: (d).A broker Explanation:A broker is an intermediary who negotiates contracts of reinsurance on behalf of the reinsured while receiving commission for placement and other services from the reinsurer.

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Q. Who is an intermediary that negotiates contracts of reinsurance on behalf of the reinsured?

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