A functional reinsurance is that it?

A. protects the account of the insurer against large claims B. discourage the spread of risk in the insurance market C. provides protection for uninsured losses D. encourages the insured to make claims from more than one insurer Correct Answer: Option A A. protects...

A life policyholder enjoys days of grace?

A. at the inception of the policy B. at the renewal time of the policy C. when he surrenders the policy D. when the policy is paid up Correct Answer: Option B B. at the renewal time of the policy Explanation A grace period allows a borrower or insurance customer to...

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