Reinsurance

1.A state tax on premiums paid by its residents and businesses and collected by insurers is called________

Income Tax Direct Tax Premium Tax Indirect Tax

2.________covers professionals for negligence and errors or omissions that injure their clients.

Nursing Home Insurance Kidnap/Ransom Insurance Inland Marine Insurance Professional Liability Insurance

3.A form of annuity that ends payments when the annuitant dies is termed as ______

Annuity No Pay Pure Life Annuity None of the Above

4.A policy that is made mandatory for the customer to buy is called _______

Annuity Compulsory Cover Pure Life Annuity None of the Above

5.The reinsurance bought by re-insurers to protect their financial stability is termed as ______

Retention Retrocession Pure Life Annuity None of the Above