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Define the term reinsurance

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Reference no: EM133231255

Question 1. Identify and describe the THREE criteria generally used to determine the amounts of property insurance an underwriter may authorize on given risks, as set out in a table of limits.

Question 2. Define the term "reinsurance" and explain the difference between facultative and treaty reinsurance.

Question 3. Describe how the function of a reinsurance underwriter differs from that of an underwriter employed by a primary insurer.

Reference no: EM133231255

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