Types Of Insurers And Marketing Systems


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Part 1 What is the meaning of the term reinsurance? Explain the reasons for reinsurance. Explain the term securitization of risk.

Part 2

What unfair trade practices are each of the following insurance agents violating? Explain the terms that you use. Agent Jones offers a client to pay a portion of the premium if the client purchases a policy. Agent Peterson convinces a client to replace a life insurance policy with a new policy that adds little value.

Part 3

Julia owns a building worth $800,000. She insures the building for $300,000 with Company A, $400,000 with Company B, and $100,000 with Company C. There is a fire, and the building sustains $100,000 in damage. How much will Julia collect in insurance? How much will each company pay? What insurance term describes this situation? What is its purpose?

1,200 words (2 pages)