Start learning 50% faster. Sign in now
Facultative insurance is reinsurance for a single risk or a defined package of risks. The ceding company (the primary insurer) is not compelled to submit these risks to the reinsurer, but neither is the reinsurer compelled to provide reinsurance protection. Each risk under a facultative contract is individually underwritten by the reinsurer. Agreement to provide reinsurance “facilitates” the primary insurer’s desire to write the business; without the reinsurance, the primary insurer may be unable to provide coverage for the agent.
In March, 2022 who was appointed as the chairman of National Financial Reporting Authority(NFRA)?
What do you call a person who speaks more than one language?
With which financial institution did the Indian Renewable Energy Development Agency Ltd. (IREDA) sign a Memorandum of Understanding (MoU) for advancing ...
The people of Sikkim celebrate Lhabab Dhnechen which is observed to mark the descent of ________ from heaven back to earth.
Which of the following expenditures are charged to the Consolidated Fund of India?
1. The debt charges for which the Government of India is liabl...
In what form will investors receive the Gold bonds under GS Act, 2006?
In June 2020 Economic corridor projects of worth Rs _____crore has inaugurated in Haryana.
Which of the following is also known as the ‘White Mountain’?
Which of the following options is incorrect about “the payment and settlement systems growth in India” as the RBI’s Annual Report 2022-23, ?
...During one of the Five-Year Plans which of the following politicians gave the slogan ‘Garibi Hatao’?