New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    A retrocessionaire is: 

    A An insurance broker Correct Answer Incorrect Answer
    B A reinsurer that buys reinsurance Correct Answer Incorrect Answer
    C A direct insurer for niche products Correct Answer Incorrect Answer
    D A third-party surveyor Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: The correct answer is B. A reinsurer that buys reinsurance. A retrocessionaire is a reinsurer that transfers some of its own reinsurance risk to another reinsurer.

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