Planning is important before choosing a profession because of truly understand if you want to go into that profession and if where ever your living makes good income in that region or if they even have that we’re you are living
Answer:
D. Claims are paid to the policyowner separately by each insurer participating in the reinsurance agreement.
Explanation:
Option D is correct because it does not apply to reinsurance.
In reinsurance, the company known as the insurer accepting part of the risk that are being transferred from another insurer is known as the reinsuring company.
Also, the insurer that is seeking to transfer part of its risk to another insurer is called the ceding company. Reinsurance is a risk sharing process between the insuring companies. Insurer that transfers part of his risk to another insurer does that in order to limit their total loss which they might incur in the case of any disaster.
Answer:
The study of economics helps people understand the world around them. It enables people to understand people, businesses, markets and governments, and therefore better respond to the threats and opportunities that emerge when things change.
Answer:
Tourism is vital for the success of many economies around the world. There are several benefits of tourism on host destinations. Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens.
