Historians use a standard shorthand, “Gold, God, and Glory,” to describe the motives generating the overseas exploration, expansion, and conquests that allowed various European countries to rise to world power between 1400 and 1750. “Gold” refers to the search for material gain through acquiring and selling Asian spices, African slaves, American metals, and other resources. As merchants gained influence in late-medieval western Europe, they convinced their governments to establish a direct connection to the lucrative Asian trade, leading to the first European voyages of discovery in the 1400s. “God” refers to the militant crusading and missionary traditions of Christianity, characterized in part by rivalry with Islam and hatred of non-Christian religions. “Glory” alludes to the competition between monarchies. Some kings sought to establish their claims to newly contacted territories so as to strengthen their position in European politics and increase their power at the expense of the landowning nobility. They also embraced the ideology of mercantilism, which held that governments and large private companies should cooperate to increase the state’s wealth by increasing the reserves of precious metals. Motivated by these three aims, several western European peoples gained control or influence over widening segments of the globe during the Early Modern Era. By 1914 Europeans dominated much of the world politically and economically. Hope this helps!
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.
