ACoinsurance is the sharing of risks between insurersCorrect AnswerIncorrect Answer
BThe insurer has a contractual relationship with the reinsurerCorrect AnswerIncorrect Answer
CThe re-insurer is the insurer of the insurerCorrect AnswerIncorrect Answer
DThe insured has a contractual relationship with the reinsurerCorrect AnswerIncorrect Answer
ENone of the aboveCorrect AnswerIncorrect Answer
Solution
The insured has a contractual relationship with the primary insurer, not with the reinsurer. The reinsurance agreement is between the primary insurer and the reinsurer.