Important Points for IC 22 - Life Insurance Underwriting Exam
Page 29 Of 64
Go to:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
Retrocessionaire is the reinsurance company that accepts the risk from another reinsurer.
In simple terms, a reinsurance company that sells reinsurance is known as retrocessionaire.
Reinsurance is the process in which a ceding company cedes part of the risk to a reinsurer.
Reinsurance helps to reduce the liability of the direct insurer to a large extent, and helps in sharing and spreading of risks.
The quantum of liability the direct insurance company keeps with itself is known as retention limit.
Previous
Next
Life Insurance Underwriting
Free Demo
Buy Premium
Home
Copyright 2025 -
MODELEXAM
®
Developed by
www.realsoftinfoplan.com