In a reinsurance transaction, the ceding commission is paid by
A) the insured to the ceding company.
B) the reinsurer to the ceding company.
C) the ceding company to the insured.
D) the ceding company to the reinsurer.
Answer: B
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John a neurosurgeon was fired without cause by his employers, the Queen Charlotte Hospital. John had been a senior member of the medical staff of the hospital for over twenty years and was noted as one of the best neurosurgeons in the country
Upon hearing of his firing, other hospitals immediately made job offers to John all of which he refused as he felt that none of these hospitals were as prestigious as the Queen Charlotte. John has filed a claim against Queen Charlotte seeking damages for wrongful dismissal. Which of the following statements is TRUE? A) John is entitled to damages calculated based upon a reasonable period of notice B) John had a duty to seek to mitigate the losses suffered as a result of his wrongful dismissal. C) John had no duty to accept the other positions and will be awarded damages based on reasonable notice D) A and B E) A and C
The dominant problem associated with the fixed-position layout is that workers are fixed in position, and they cannot be reassigned
Indicate whether the statement is true or false