Question Description
What is the difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct 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 difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct 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 difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct answer is option 'A'. Can you explain this answer?.

Solutions for What is the difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of What is the difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for What is the difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of What is the difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the difference between risk-attaching reinsurance and loss-occurring coverage?a)Risk-attaching reinsurance covers all claims established during the effective period, while loss-occurring coverage covers all losses that occur during the reinsurance contract.b)Risk-attaching reinsurance covers losses that occur outside the coverage period, while loss-occurring coverage covers all claims made during the effective period.c)Risk-attaching reinsurance covers losses that exceed the insurance company's retained limit, while loss-occurring coverage covers all losses that occur during the reinsurance contract.d)Risk-attaching reinsurance covers claims that originate outside the coverage period, while loss-occurring coverage covers all losses that occur during the effective period.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice B Com tests.