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What is the purpose of reinsurance?a)To transfer risk from the insured to the reinsurerb)To increase the profits of the original insurerc)To limit the liability of the reinsurerd)To avoid catastrophic eventsCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the purpose of reinsurance?a)To transfer risk from the insured to the reinsurerb)To increase the profits of the original insurerc)To limit the liability of the reinsurerd)To avoid catastrophic eventsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of reinsurance?a)To transfer risk from the insured to the reinsurerb)To increase the profits of the original insurerc)To limit the liability of the reinsurerd)To avoid catastrophic eventsCorrect answer is option 'A'. Can you explain this answer?.

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