Reinsurance Questions A. Fill in the word or term that completes the following definitions: (15 points) is the amount paid by the primary insurer to the reinsurer for assuming some or all of the primary insurer's insurance exposure. is a reinsurance agreement that indemnifies the primary insurer when the losses for an occurrence exceed the primary insurer's retention for a given overall loss. is reinsurance that transfers an entire type of insurance, book of business or policy territory from the primary company to the reinsurance company after the primary has issued the policy. is a fee paid to primary insurer by the reinsurer to cover the primary insurer's expenses and operating costs. is the insurance company which transfers the liability for the loss exposure it cedes to a reinsurer. is the term used for the act of transferring loss exposures to the reinsurer. is the dollar amount above which the reinsurer responds to losses. is the transfer of part of a reinsurance risk from one reinsurer to another reinsurance company. are the 9-10. and two most common types of reinsurance