Question

what is the difference between reinsurance and double insurance​

Answer 1

Explanation:

Double insurance refers to a situation in which the same risk and subject matter, is insured more than once. Reinsurance implies an arrangement, wherein the insurer transfer a part of risk, by insuring it with another insurance company. ... The reinsurer will only be liable for the proportion of reinsurance

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Answer 2

Answer:

Double insurance refers to a situation in which the same risk and subject matter , is insured more than once .

Reinsurance implies an arrangement , where in the insurer it with another insurance company .... The reinsurance will only be laible for the proportion of reinsurance.

Explanation:

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