Question

What are "Losses Outstanding" in reinsurance?

a.

Losses that have occurred but have not yet been paid

b.

Losses that are currently being investigated by the reinsurer

c.

Losses that are covered by a separate reinsurance contract

d.

Losses that have been reported but are not yet settled

Answer: (a).Losses that have occurred but have not yet been paid Explanation:"Losses Outstanding" refers to losses, whether reported or not, that have occurred but have not yet been paid. These are unpaid losses for which the reinsurer is liable.

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Q. What are "Losses Outstanding" in reinsurance?

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