Ace the Alberta General Insurance Level 1 Exam 2025 – Insure Your Success Today!

Question: 1 / 400

What is a retrocessionaire?

A type of insurance policy

An insurance agent

A reinsurance company accepting retrocession

A retrocessionaire is not an insurance policy (A), as it is not a product but a role in the insurance industry. It is also not an insurance agent (B), as it is not an individual who serves as an intermediary between the insured and insurer. Additionally, a retrocessionaire is not a governmental regulatory body (D), as it is a part of the private insurance industry and not a government entity. The correct answer is C, as a retrocessionaire refers to a reinsurance company that accepts retrocession, which is the process of transferring risks from one insurer to another. Therefore, a retrocessionaire plays a crucial role in the reinsurance market by assuming a portion of risks from other insurers.

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A governmental regulatory body

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