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Q:

Reinsurance is the name given to:

A) An individual taking insurance for the second time B) An insurer placing insurance with another insurer
C) When government by insurance policies for government employees D) All the above

Answer:   B) An insurer placing insurance with another insurer



Explanation:

Reinsurance is insurance that is purchased by an insurance company from one or more insurance companies (the "reinsurer") directly or through a broker as a means of risk management.

Subject: General Awareness
Exam Prep: Bank Exams
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