Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10.How does the purchase of proportional treaty reinsurance by an insurer benefit original insureds? All losses will be paid even if the insurer becomes insolvent.
10.How does the purchase of proportional treaty reinsurance by an insurer benefit original insureds? All losses will be paid even if the insurer becomes insolvent. It reduces the amount of insurance premium required for the original risks. It increases the speed of claims settlement to original insureds. It provides the insurer with a higher gross acceptance limit to fully insure large risks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started