What is the meaning of the term reinsurance?, Assignment 1 help

Part 1 (200 words) 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. 300 words 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.