Distinguish between double insurance and re-insurance.

Answer»

Differences between Double insurance and Re-insurance:

Double insurance	Re-insurance
1. Double insurance represents two or more insurance contracts between the insured and tow or more insurers.	1. Re-insurance is a contract between the original insurer and the re-insurer.
2. In the case of double insurance, there is no re-distribution of risk by the insurer.	2. In the case or re-insurance, there is re-distribution of risk by the original insurer.

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