Q125
The Insurer who grants a guarantee from the direct insurer is called as _________.
A.
Direct Insurer
B.
Ceding Insurer
C.
Re-Insurer
AnswerD.
Double Insurer
Answer: Option C
Solution
Answer: Option C
Solution:
The Insurer who grants a guarantee from the direct insurer is called as Re-Insurer. A reinsurer is an insurance company that insures the risks of other insurance companies. A cedant is an insurer who transfers all or part of a risk to a reinsurer.