Multiple choice

What is a system by which the original insurer enters into a contract with another insurer for sharing a part or all the risks taken by him called?

  1. Actuary

  2. Double insurance

  3. Reinsurance

  4. Claim

  5. Co-insurance

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A system by which the original insurer enters into a contract with another insurer for sharing a part or all the risks taken by him is called reinsurance.