The Insurer who grants a guarantee from the direct insurer is called as _________.
A. Direct Insurer
B. Ceding Insurer
C. Re-Insurer
D. Double Insurer
Answer: Option C
Solution(By Examveda Team)
The Insurer who grants a guarantee from the direct insurer is called as Re-Insurer. A reinsurer is an insurance company that insures the risks of other insurance companies. A cedant is an insurer who transfers all or part of a risk to a reinsurer.This Question Belongs to Commerce >> Business And Commerce
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