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Reinsurance is defines as:
Suggested Answer: A
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25 comments · newest first
UL
Ula
10 months ago
Can someone explain why it's not about revenues?
JA
Janine
10 months ago
Wait, is it really about contingent expenses? That seems off.
JA
Janella
10 months ago
Reinsurance is all about risk management!
KA
Kandis
10 months ago
I think option A sounds right.
DO
Dorethea
10 months ago
Definitely not D, that doesn't make sense.
JE
Jettie
11 months ago
I definitely studied that reinsurance involves premiums, but I can't remember if it was about expenses or assets.
ME
Merri
11 months ago
I feel like option D sounds familiar, but I can't recall if it's about selling or paying. This is tricky!
KI
Kiley
11 months ago
I remember practicing a question similar to this, and I think it was about assuming contingent liabilities, which might relate to option A.
BR
Brent
11 months ago
I think reinsurance is about transferring risk, but I'm not sure if it's specifically about expenses or revenues.
RE
Renato
12 months ago
This is a good test of our understanding of key insurance industry terms. I'll carefully consider each option and select the one that most accurately captures the essence of reinsurance.
WI
Willis
12 months ago
I'm drawing a blank on the definition of reinsurance. I'll have to go back and review my notes before I can confidently answer this.
JA
Jamie
12 months ago
Okay, I think I've got this. Reinsurance is when an insurance company pays another party to take on some of their risk, in exchange for a premium. Option A looks like the best fit.
AL
Almeta
1 year ago
Hmm, I'm a bit unsure about this one. The wording is a bit tricky, and I want to make sure I understand the concept of reinsurance before choosing an answer.
JA
Janey
1 year ago
This seems like a straightforward definition question. I'll read through the options carefully and select the one that best matches the description of reinsurance.
RA
Raul
1 year ago
Haha, C is like selling your problems to someone else! I wish I could do that with my student loans.
MI
Millie
1 year ago
B) to pay another party to assume a stream of contingent revenues, for an interest over the expected cost
LE
Leslee
1 year ago
Haha, C is like selling your problems to someone else! I wish I could do that with my student loans.
JE
Jennifer
1 year ago
A) to pay another party to assume a stream of contingent expenses, for a premium over the expected cost
RE
Ressie
1 year ago
I thought reinsurance was when you sell your insurance to someone else? D sounds more like that to me.
EL
Elmer
1 year ago
I'm not sure, but I think it's either A or D. Reinsurance is definitely about transferring risk, but I'm not sure about the discount part.
HE
Herminia
1 year ago
A is the correct answer. Reinsurance is when an insurance company pays another party to assume a stream of contingent expenses, like claims, in exchange for a premium.
LI
Lindy
1 year ago
Yes, you're right. It's all about transferring risk to another party in exchange for a premium.
LA
Laticia
1 year ago
I think A is the correct answer. Reinsurance is when an insurance company pays another party to assume a stream of contingent expenses.
CI
Ciara
1 year ago
I agree with Joni, option A makes sense. It's all about managing risk and costs in the insurance industry.
JO
Joni
1 year ago
I think the answer is A, because reinsurance is about transferring risk to another party for a premium.