Question

The reinsurance agreement that automatically accepts all new risks presented by the company seeking or requesting reinsurance from the reinsurer is known as a ____________ agreement.

Answer 1

the correct answer is Treaty

Step-by-step explanation:

The reinsurance agreement that automatically accepts all new risks presented by the company seeking or requesting reinsurance from the reinsurer is known as a Treaty agreement.

good luck

Answer 2

Treaty agreement

Step-by-step explanation:

A treaty agreement is held between an insurer and a reinsurer, where the reinsurer states what classes of businesses it will accept from the insurer. All the policies that qualify under the treaty agreement should be accepted automatically by the reinsurer.

A reinsurer is an insurance company that insures other insurance companies.