Question
In this reinsurance arrangement, an agreement is made
between the ceding company and the reinsurer(s), specifying limits for reinsurances that can pertain to monetary values, geographical regions, or sections of business. Within this contract, the reinsurer is obligated to accept all risks falling within the scope of the agreement, and the ceding company is required to cede risks as per the agreement's terms. What type of reinsurance is being described?Solution
Treaty Insurance: Under this type of reinsurance a Treaty agreement is entered into between the ceding company and the re-insurer(s) whereby the reinsurances are within the limits of the Treaty. These limits can be monetary, geographical, section of business, etc. Under this contract it is obligatory for the re-insurer to accept all risks within the scope of this Treaty and it is obligatory for the ceding company to cede risks in accordance with the terms of the Treaty.
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Conclusion:
I. Cauliflower $ Brinjals
II...
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No Platform is a Train.
Only a few Trains are Hoardings.
Only a few Hoardings are Signals.
Conclusions:
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Only a few Boat are Ship
Some Ship are River
All River are Fish
Conclusion :
I. Some Boat are Fish
Statement:
Each girl is boy.
Only a few girls are men.
Few girls are not women.
Conclusion:
1. All boys can be wome...
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Statements:Â
Only poles are wires
Only few poles are ornaments
All ornaments are copper
Conclusion:
I. All po...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if t...
Three statements are given followed by three conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at varian...
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