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 āfacilitatesā the primary insurerās desire to write the business; without the reinsurance, the primary insurer may be unable to provide coverage for the agent.
If 9 : 12 :: 12: x, and 28: 42:: 42: y, then the value of 2x + y is:Ā
- If a, b and c are integers such that a 3 Ā + b 3 Ā + c 3Ā = 192 + 3abc, ab + bc + ac = a 2 Ā + b 2 ...
If x + y + xy = 118, such that x < y and both 'x' and 'y' are positive integers, then find minimum value of (x + y) .
If 3x + (1/3x) = 8 then find 27x3 + (1/27x3) = ?
The coefficient of āb2ā in (3a + b)3 is
The area (in sq, units) of the triangle formed by the graphs of 8x + 3y = 24, 2x+8 = y and the x – axis is:
The average of three numbers a, b and c is 2 more than c. The average of a and b is 48. If d is 10 less than c, then the average of c and d is:
If both the roots of x 2 Ā + kx + 49 = 0 are real and equal, then find the value of 'k'.
A shopkeeper marked his article 25% above its cost price and offered a discount of 30%. If cost price of the article is Rs. 560, then find profit or los...
