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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.
Two boats A and B start towards each other from two places, 660 km apart. Speed of the boat A and B in still water are 30 km/h and 25 km/h respectively....
The ratio of the speed of boat ‘A’ in still water, the speed of boat ‘B’ in still water and the speed of the current is 8:6:2, respectively. If ...
A boat goes 50 km in upstream in 5 hours and takes 3 hours to complete a distance of 18 km in downstream. Find the speed of boat in still water.
The speed of a boat in still water is 8 km/hr and speed of current is 3 km/hr. If time taken to cover a certain distance upstream is 11 hours, then how ...
The income of ‘A’ increases by 20% every year. If his income 3 years hence from now will be Rs. 13478.4, then find his income a year before from now...
The downstream speed of a boat is 6 km/hr more than its upstream speed and the ratio of the speed of the boat in still water to the speed of the stream ...
A boat covers a distance of 108 km downstream in 3 hours. If the ratio of upstream speed to downstream speed of the boat is 5:9, then find the distance ...
The speed of a boat in still water is 35 km/hr. If the boat covers 150 km in upstream in 5 hours, then find the time taken by the boat to travel 200 km ...
A boat can cover 120 km in upstream in 6 hours and 180 km in downstream in 3 hours. Find the speed of the stream.
Boat ‘A’ can cover 120 km in still water in 12 hours. In still water, if the ratio of the speed of boat ‘A’ to that of ‘B’ is 5:4 and the sp...