The chief effect of reinsurance is that - insurance premiums are higher - insurance companies are prevented from engaging in fraud - insurance companies can offer insurance without fear of a major event causing them to go out of business

The chief effect of reinsurance is that - insurance premiums are higher - insurance companies are prevented from engaging in fraud - insurance companies can offer insurance without fear of a major event causing them to go out of business

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter3: Ethical Behaviour- Philosophers Contributions

Section: Chapter Questions

Problem 5.1EC

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Question

The chief effect of reinsurance is that

- insurance premiums are higher

- insurance companies are prevented from engaging in fraud

- insurance companies can offer insurance without fear of a major event causing them to go out of business

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