Which of the following is a type of insurance where an insurer transfers loss exposures from policies written for its insureds?

Which of the following is a type of insurance where an insurer transfers loss exposures from policies written for its insureds? 


A) Treaty insurance
B) Reinsurance
C) Mutual insurance
D) Captive insurance


Answer: B) Reinsurance

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Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

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