AAA Insurance Company has transferred a portion of its loss exposure to BBB Insurance Company. In this reinsurance transaction, what is AAA Insurance Company called?

AAA Insurance Company has transferred a portion of its loss exposure to BBB Insurance Company. In this reinsurance transaction, what is AAA Insurance Company called?


A) Captive insurer
B) Tertiary insurer
C) Primary insurer
D) Secondary insurer


Answer: C) Primary insurer

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