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One of the features of reinsurance is the

Commerce
WAEC 1997
One of the features of reinsurance is the
  • A. total transfer of risk from one company to another
  • B. protection of insurance company by the government
  • C. protection of the insured by the third party
  • D. collection of indemnity by third party only
  • E. transfer of a portion of risk from one insurer to another
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Correct Answer: Option E
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now