Learn what reassured means in the context of reinsurance, and understand the importance and role of companies that obtain reinsurance coverage.
Discover the meaning of 'Offeree' in general insurance terms. Learn who the offeree is and the role they play when an offer is extended.
Understand the concept of a Sole Proprietorship in the context of general insurance terms. Learn how a business owned and managed by one person is defined and functionally characterized.
Learn about limited partnerships, where two or more individuals manage a business together, focusing on the role and liability of limited partners in the insurance domain.
