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Reinsurance is the acceptance by one insurer, known as the reinsurer or the ______________, of all or part of the risk of loss of another (the original) insurer, called the _______________.
Suggested Answer: B
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36 comments · newest first
DO
Dominga
11 months ago
Just learned about this, but it makes sense!
AN
Anthony
11 months ago
I thought it was "insurance company" and "assuming company."
ZO
Zoila
12 months ago
Wait, is "Reimbursement Company" even a thing? Sounds off.
CH
Cheryll
12 months ago
Totally agree with that!
CA
Carline
12 months ago
It's definitely "assuming company" and "ceding company."
RO
Rory
1 year ago
I'm pretty confident that "assuming company" goes in the first blank, but I need to double-check if "ceding company" is right for the second.
MA
Marjory
1 year ago
I keep mixing up the terms; I thought the original insurer was called the "assuming company" too.
MA
Margot
1 year ago
I remember practicing a similar question, and I think "ceding company" fits there.
DE
Devon
1 year ago
I think the first blank is "assuming company," but I'm not completely sure about the second one.
LO
Louvenia
1 year ago
The time plan on the entire promotion? The time policy of the promotion? I'm really not sure what those options even mean in this context. I'm leaning towards C, but I'm kind of shooting in the dark here.
VI
Vi
1 year ago
This one seems pretty straightforward. I'm pretty confident the answer is C - lobby.
AN
Anissa
1 year ago
I'm a bit unsure, but I think when you bind VLAN 10 to the interface, it may change the VLAN ID associated with it.
CO
Cornell
1 year ago
I think the best choice is A. There was a similar question in our last mock exam, and it emphasized maintaining image integrity for specific uses.
FA
Fallon
1 year ago
Hmm, I wonder if the reinsurer ever feels like they're the ones getting 'reinsured' by the ceding company. Talk about a complex game of hot potato!
AL
Alishia
1 year ago
B) assuming company, ceding company - got it! Now, if only I could remember the difference between facultative and treaty reinsurance...
TO
Toi
1 year ago
D) Reimbursement Company, primary company? Really? That's a completely different concept. I think the exam writer needs to stick to the actual terminology used in reinsurance.
CO
Coral
1 year ago
D) Reimbursement Company, primary company? Really? That's a completely different concept. I think the exam writer needs to stick to the actual terminology used in reinsurance.
GE
Gerald
1 year ago
C) insurance company, assuming company? Yes, that's the correct terminology used in reinsurance.
LO
Louvenia
1 year ago
C) insurance company, assuming company
BI
Billye
1 year ago
B) assuming company, ceding company
EM
Emilio
1 year ago
C) insurance company, assuming company
MI
Mirta
1 year ago
B) assuming company, ceding company
AI
Aileen
1 year ago
A) assuming company, insurance company
MI
Milly
1 year ago
A) assuming company, insurance company
SH
Shaquana
1 year ago
I was a bit confused at first, but now I understand. The reinsurer is the one who takes on the risk, while the original insurer is the one who cedes the risk. Nice and straightforward!
OM
Omega
1 year ago
B) assuming company, ceding company
TR
Trina
1 year ago
That's correct! The assuming company is the reinsurer, and the insurance company is the original insurer.
AR
Arlette
1 year ago
A) assuming company, insurance company
BE
Beckie
2 years ago
I'm not sure about that. I think it might be C) insurance company, assuming company.
SH
Sharan
2 years ago
The correct answer is B) assuming company, ceding company. This is because the reinsurer is the assuming company that takes on the risk from the original insurer, known as the ceding company.
DE
Denny
1 year ago
That's right! The ceding company transfers part of its risk to the assuming company through reinsurance.
NO
Noel
1 year ago
So the correct answer is B) assuming company, ceding company.
BE
Ben
1 year ago
Yes, the assuming company is the reinsurer that takes on the risk from the ceding company.
JE
Jestine
1 year ago
I didn't know that reinsurance involves an assuming company and a ceding company.
LA
Lanie
2 years ago
I agree with Lashandra. The reinsurer is the assuming company and the original insurer is the ceding company.
LA
Lashandra
2 years ago
I think the answer is B) assuming company, ceding company.