The chief effect of reinsurance is that a. Insurance premiums are higher. b. Insurance companies are prevented

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The chief effect of reinsurance is that

a. Insurance premiums are higher.

b. Insurance companies are prevented from engaging in fraud.

c. Insurance companies can offer insurance without fear of a major event causing them to go out of business.

d. Consumers are protected against easily anticipated occurrences.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:26 AM

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The chief effect of reinsurance is that a. Insurance premiums are higher. b. Insurance companies are prevented

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c Insurance companies can offer insurance without fear of a major e...View the full answer

Issues in Economics Today

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