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Texas Life and Health Insurance Exam LATEST UPDATE. Questions ITH CORRECT Answers. . GUARANTEED A+ GRADED. What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer ✓✓Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer ✓✓reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - Answer ✓✓insurable interest
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