(A) Reinsurance increases underwriting capacity. (B) Reinsurance reduces the number of claims incurred. (C) Reinsurance stabilizes loss experience. (D) Reinsurance may provide underwriting guidance. (E) Reinsurance provides catastrophe protection.

(A) Having a conversation to determine what insurance coverage the prospect wants to purchase. (B) Performing a thorough risk management review of the prospect’s loss exposures. (C) Selling the prospect as much coverage as it can afford, given its insurance

(A) Protect consumers against fraud. (B) Guarantee insurer profit. (C) Maintain insurer solvency. (D) Prevent unfair discrimination. (E) Protect consumers against unethical marketing behavior.

(A) Insurance agents and brokers. (B) Independent claim adjusters. (C) Public claim adjusters. (D) Managing general agents (MGAs). (E) Staff claim representatives.

(A) Reinsurance treaties exclude the business. (B) The insurer’s personnel lack needed marketing and underwriting expertise. (C) Intense competition in the line of business would result in insufficient profit opportunities. (D) The underwriter is experiencing a high hit ratio on ...