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Please answer all three questions: 1. Explain what is meant by reinsurance. (5 marks )2. How does reinsurance aid insurance companies? (5 marks) 3. Distinguish

Please answer all three questions:

1. Explain what is meant by reinsurance. (5 marks

)2. How does reinsurance aid insurance companies? (5 marks)

3. Distinguish the two different ways insurance companies reinsure. (5 marks)

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