Pro-rata reinsurance:


Are you looking for the correct answer to the question “Pro-rata reinsurance:”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.

Pro-rata reinsurance:

A) commits the reinsurer to pay part of a claim, but only after the primary insurer’s coverage has been completely exhausted

B) is distinguished by very high retention amounts

C) means losses, premiums and expenses are divided proportionately by the primary insurer and the reinsurer

D) is only sold by alien reinsurers, and then only at very high rates

Answer: C

The above question Pro-rata reinsurance:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.