A) Self Insurance
B) Dual Insurance
C) Void Insurance
D) Two Fold Insurance
E) Re-insurance
Correct Answer: E
Solution :
Reinsurance refers to the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement In order to reduce the likelihood of having to pay a large obligation resulting from an insurance claim* The Insurer passes some part of or all risks to another Insurer called Reinsurer.
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