Which of the following is an insurer established by a parent company for the purpose of insuring the parent company's loss exposures?

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Which of the following is an insurer established by a parent company for the purpose of insuring the parent company's loss exposures?

A) Participating insurer
B) Fraternal insurer
C) Captive insurer
D) Mutual insurer

Answer: C) Captive insurer

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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A domestic insurer issuing variable contracts must establish one or more
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The voluntary relinquishment of a legal right is called
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