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The Insurer who grants a guarantee from the direct insurer is...

This question belongs to Commerce Business And Commerce
Business and Commerce
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The Insurer who grants a guarantee from the direct insurer is called as _________.

Answer & Solution
Correct Answer: Option C
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.
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