An estimate due to time lags in the receipt of reports from cendants is called reinsurance. 05/24/2018 – by Admin_VCEguide 0 An estimate due to time lags in the receipt of reports from cendants is called reinsurance. A. True B. False SHOW ANSWERSCorrect Answer: A Explanation/Reference: Download Printable PDF. VALID exam to help you PASS.