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Risk Sharing is used in coinsurance specifically where the risk is to be shared and not transferred among several insurance companies each one them having a direct contractual relationship with the insured for the portion of the risk accepted by that company.
and transferring the risk is used in reinsurance , and reinsurance always involves legal entities and not individuals
in reinsurance the contractual relationship is between the cedant and the reinsurer , only in special situations does the reinsurance treaty have a provision called the cut through clause that allows the insured to have a direct legal claim to the reinsurer for example , in the case the insurer becomes insolvent
Hope all is in order
Regards,
Tamer Hadddin
What else can I help you with?
What is the difference between file sharing and downloading files?
In file sharing you transfer files from another computer connected to internet. While in case of downloading you receive files from dedicated servers.
Difference between batch sharing and time sharing?
The main difference between batch sharing and time sharing is that in batch sharing system tasks are processed in order in which they arrive. Whereas, in the later the system switches between tasks.
What particles are involved in the transfer or sharing between atoms?
electrons
The particles that are invloved in the transfer or sharing between atoms are?
Electrons.
Difference between giving and sharing?
sharing is giving some but not all away.
What does the transfer or sharing of electrons create?
The transfer or sharing of electrons between atoms is called a bond. Specifically, a shared-electron bond is called a covalent bond. This is as opposed to an ionic bond, which form due to the actual transfer of electrons between certain atoms.
During the formation of a compound what causes the attractions to form between atoms?
The attractions between atoms during compound formation are caused by the sharing or transfer of electrons between atoms. This sharing or transfer allows atoms to achieve a more stable electron configuration by filling their outermost energy levels. These interactions can be ionic or covalent, depending on the degree of electron sharing or transfer.
A is involved in the transfer or sharing of electrons?
A is likely a chemical process that involves the transfer or sharing of electrons, such as oxidation-reduction reactions. This transfer of electrons between atoms or molecules can result in the formation of new compounds and the release of energy.
What bonds that hold atoms together do so through the sharing or transfer of?
Chemical bonds that hold atoms together do so through the sharing or transfer of electrons. Covalent bonds involve the sharing of electrons between atoms, while ionic bonds involve the transfer of electrons from one atom to another.
What is the main difference between federalism and republicanism?
Well Federalism is sharing power between states
Distinguish between co-insurance and reinsurance?
Coinsurance in medical health (casualty) is sharing of costs between insurer and insured, and in property insurance it is were the risk( one risk) is shared between different insurance companies. Reinsurance is insurance for an insurance company, where by an insurance companies seeks for indemnification in case that a stated loss takes place.
The transfer or sharing of electrons between elements is called what?
chemical bond formation. Transfer of electron lead to formation of ionic bond and sharing of electron is called as covalent bond
