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.
Consider the following statements in regards to Central Bank Digital Currency (CBDC):
I) Worth ₹16.39 crore is in circulation as of March 2023 ...
Which ministry recently launched the 'Safai Apnao, Bimaari Bhagao (SABB)' initiative under Swachh Bharat Mission-Urban 2.0?
Which country has won the FIFA Women's World Cup 2023 title?
Recently which of the following inducted its first batch of Mandarin-trained officers to support the regular Army's efforts to enhance experti...
Consider the following;
I.All India Survey on Higher Education (AISHE) 2020-2021 is prepared by the Department of School Education and literacy (...
What roles were targeted in the UPSC’s lateral entry recruitment before its cancellation?
The Lakkhi Mela, also known as Kaila Devi Chaitra Mela is associated with which state?
Which country recently became the 99th member of the International Solar Alliance?
Which of the following constitutions is popularly known as the peace constitution?
Who was the king of Gorkha at the time of attack on Kumaon in 1790?
