29)In a reinsurance transaction, the ceding commission is paid by A) the insured to the ceding company. B) the reinsurer to the ceding company. C) the ceding company to the insured. D) the ceding company to the reinsurer 30) Which of the following is a function of the marketing departmen company? A) to settle claims after a loss has been reported B) to determine the cost of products the insurer sells C) to make final underwriting decisions D) to identify production goals 31) Catastrophe bonds are made available to institutional investe markets through an entity that is specially created for that purpe called a A) Risk retention group. B) Fraternal insurance company.. C) Captive insurance company. D) Special purpose reinsurance vehicle. 32)One method through which reinsurance is provided is thro of insurers that underwrites insurance on a joint basis. Throu financial capacity is available for large commercial risks. This arrangement is a[n) A) quota-share treaty. B) surplus-share treaty. C) excess-of-loss treaty. D) reinsurance pool 33) The property and casualty insurance industry lags profitability. (T/F) 34)When the average value method is used, an averag claim. This method is used when the number of claim. claim amount is relatively large .(T/F)