Reinsurance is defines as:
A . to pay another party to assume a stream of contingent expenses, for a premium over the expected cost
B . to pay another party to assume a stream of contingent revenues, for an interest over the expected cost
C . to sell another party to assume a stream of contingent assets, for a premium over the actual cost
D . to sell another party to assume a stream of contingent expenses, for a discount over the expected cost
Answer: A