FIN3150C1 Baker Direct Writer Company Discussion Questions

Answer the questions listed below in APA formatting

Explain what a direct writer company is. Explain what the independent agency system is.
List some of the reasons why insurance companies engage in the reinsurance transaction.
When entering into a legally enforceable insurance contract consideration must exist. Explain what consideration is and the form it takes in insurance contracts.
Explain the principle of subrogation. Provide a mathematical example of its use.