BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When an insurance company takes reinsurance from other insurance company it is called as
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Reinsurance
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Reinsurance ceded
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Reinsurance accepted
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None of the above
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Explanation:
Detailed explanation-1: -Reinsurance ceded is an insurance industry term that refers to the portion of risk that a primary insurer passes to another insurer. That other insurer is often a specialist in reinsurance. This practice allows the primary insurer to limit the overall risk exposure that it takes on with its clients.
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