CII R05 Financial Protection

What is a 'cross-option agreement' in the context of shareholder or partnership protection?

An agreement allowing the insurer to cross-check claims with Companies House records An agreement giving surviving shareholders the option to buy and the deceased's estate the option to sell An agreement between two competing insurers to share risk on large policies An agreement to cross-sell complementary financial products to business clients

Correct Answer:

An agreement giving surviving shareholders the option to buy and the deceased's estate the option to sell

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