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.
The answer is: D. Special
Special election refers to a form of election that conducted before the working period of those who held the previous position officially ended. This tend to happen when the previous holder of the position is unable to resume the duty due to death/illness. Or if the previous position holder is forcefully removed for misbehavior.
A court of special jurisdiction is empowered to hear only certain kinds of cases.
