General Awareness Questions

Q.  Reinsurance is the name given to?

a. An individual taking insurance for the second time
b. An insurer placing insurance with another insurer
c. When government by insurance policies for government employees
d. All the above

ANSWER: See Answer
Reinsurance is insurance that is purchased by an insurance company from one or more insurance companies (the "reinsurer") directly or through a broker as a means of risk management.


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