Question
Which type of reinsurance involves one particular risk
and is expressed in a reinsurance policy, with each transaction negotiated individually and offering both the ceding company and the reinsurer a free choice?Solution
Facultative Reinsurance: It is that type of reinsurance whereby the contract relates to one particular risk and is expressed in a reinsurance policy.. Each transaction under Facultative Reinsurance has to be negotiated individually and each party to the transaction has a free choice, i.e. for the ceding company to offer and the reinsurer to accept. The main drawback of this type of insurance is the volume of work involved and time taken to cover the risk.
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Some numbers are not letters.
Only letters are consonants.
Conclusions: I. All letters may be co...
Statement:
At-least some chairs are tables.
A few tables are fans.
Only a few windows are tables.
All tables are doors.
Statement:Â
At-least some E are F.
A few F are G.
Only a few H are F.
All F are Q.
Conclusion:
I. All G b...
In each group of questions below are two conclusions followed by five set of statements. You have to choose the correct set of statements that logicall...
Three statements are given, followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance wit...
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All mangos are apples
Only a few apples are bananas
Some bananas are not guavas
Only a few guavas are orange
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                          All car are cycle.
 Conclusions: I. Some cycle are n...
Read the given statements and conclusion carefully. Assuming the information given in the statement is true, even if it appears to be at variance with ...
Statements:All circles are rectangles.
No rectangle is a square.
Conclusions:I. No square is a rectangle.
II. Some rectangles are...
StatementÂ
Only Girls are boy
Some girls are men
No men is women
Conclusion
I. Some boy is women
II. Some...
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