Insurance Awareness - Reinsurance
Who is the ceding company in the reinsurance process?
Who is the ceding company in the reinsurance process?
easy Q13 of 15
Step-by-Step Solution
Step 1: Understand roles in reinsurance
The ceding company is the original insurer that transfers part of its risk to another insurer (the reinsurer).Final Answer:
The insurer transferring risk to another insurer → Option BQuick Check:
Insurer transferring risk = correct entity ✅
Quick Trick: Ceding company = Company that 'cedes' or gives away risk.
Common Mistakes:
MISTAKES- Confusing ceding company with reinsurer or policyholder.
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