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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