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FIN3150C1 Baker Direct Writer Company Discussion Questions

FIN3150C1 Baker Direct Writer Company Discussion Questions

FIN3150C1 Baker Direct Writer Company Discussion Questions

Answer the questions listed below in APA formatting
Explain what a direct writer company is. Explain what the independent agency system is.
List some of the reasons why insurance companies engage in the reinsurance transaction.
When entering into a legally enforceable insurance contract consideration must exist. Explain what consideration is and the form it takes in insurance contracts.
Explain the principle of subrogation. Provide a mathematical example of its use.

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