Question
What is a type of reinsurance in which the reinsurer can
accept or reject any risk presented by an insurance company seeking reinsurance?Solution
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.
Which of the following species is Indian major carps
In onion, smell occurs due to the presence of?
What is the purpose of AGMARK certification?
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In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is
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For most of the cereal grains, moisture content for safe storage isÂ
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Which of the following disease occurs due to deficiency of zinc in rice?
Where is the ICAR-Central Institute for Arid Horticulture located?
