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Part 1 What is the meaning of the term reinsurance? Explain the reasons for reinsurance. Explain the term securitization of risk. Part 2 What unfair trade practices are each of the following insurance agents violating? Explain the terms that you use. Agent Jones offers a client to pay a portion of the premium if the client purchases a policy. Agent Peterson convinces a client to replace a life insurance policy with a new policy that adds little value. Part 3 Julia owns a building worth $800,000. She insures the building for $300,000 with Company A, $400,000 with Company B, and $100,000 with Company C. There is a fire, and the building sustains $100,000 in damage. How much will Julia collect in insurance? How much will each company pay? What insurance term describes this situation? What is its purpose? 1,200 words (2 pages) Get professional assignment help cheaply Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent? Whichever your reason may is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments. Our essay writers are graduates with diplomas, bachelor, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer. Why choose our academic writing service? Plagiarism free papers Timely delivery Any deadline Skilled, Experienced Native English Writers Subject-relevant academic writer Adherence to paper instructions Ability to tackle bulk assignments Reasonable prices 24/7 Customer Support Get superb grades consistently