The transfer of risks already undertaken from one insurance company to another is?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
Re-insurance is the transfer of part or all of a risk already accepted by an insurance company to another insurance company. It enables the original insurer to reduce its exposure to very large losses.
Re-insurance is the transfer of part or all of a risk already accepted by an insurance company to another insurance company. It enables the original insurer to reduce its exposure to very large losses.