Post Utme Caleb University 2020 Commerce Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2020 Commerce Objective / Multiple Choice

Question 1 POST_UTME_CALEB_UNIVERSITY • 2020 • COMMERCE • objective

In the context of insurance and risk management, what is the primary function of reinsurance?

Answer Options

A. To reduce the risk of loss for the policyholder

B. To increase the premium paid by the policyholder

Correct Answer C. To transfer risk from the insurer to the reinsurer

D. To provide additional coverage for the policyholder

Correct Answer

Correct Option:

To transfer risk from the insurer to the reinsurer

About This Question

This is Post Utme Caleb University 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Caleb University Commerce examination.

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