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Homespun Insurance has several existing reinsurance agreements with Granite Re and is currently in negotiations regarding another one. The relationship between the two companies has
Homespun Insurance has several existing reinsurance agreements with Granite Re and is currently in negotiations regarding another one. The relationship between the two companies has been mutually advantageous for both. Which one of the following will be true regarding Homespun and Granite Re as they move forward? Available answer options Select only one option A Granite Re's longstanding relationship with Homespun essentially makes the access to records clause unnecessary. B Granite Re understands that the access to records clause will cover underwriting audits but not claims audits. C Granite Re will want to evaluate Homespun's records periodically as it understands it will "follow the fortunes" of Homespun in their long term relationship. D Granite Re will need to do a thorough review before the new reinsurance agreement is signed, but will find this unnecessary for future renewals
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