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AzJose AzJose
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7 years ago
An insurance company that sells earthquake insurance in an area where earthquakes are possible has subjected itself to the risk of insolvency if a severe earthquake occurs. An insurer can safely sell earthquake insurance in this area if it shifts the risk of catastrophic loss to another insurer. The shifting of insured risk from one insurer to another insurer is called
A) underwriting.
B) casualty insurance.
C) coinsurance.
D) reinsurance.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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7 years ago
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AzJose Author
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Just got PERFECT on my quiz
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Thank you, thank you, thank you!
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