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Tuesday, 10 November 2026
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Reinsurance helps insurance companies to:

Reinsurance helps insurance companies to:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Spread very large risks
  • B Reduce compensation claims
  • C Eliminate policyholders fully
  • D Increase transport charges
Correct Answer: Option A
Explanation:
Reinsurance allows insurers share risks with other insurance companies to reduce possible huge losses.

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