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.
The Junagarh inscription of Rudradaman is written in which language?
In May 2019, the International Monetary Fund agreed to bail out ______with a fund of $6 billion.
Consider the following Minerals:
1. Hematite
2. Nickel
3. Chromite
4. Dolomite
5. Kyanite
6. Mica
Which of the above minerals are Non-metallic?
For an instant electronic fund transfer service that allows inter and intra-bank transfers within seconds to the customer account is a concept of?
Which country is also known as the land of pagodas?
Name the only Indian who got featured in the Fortune’s Businessperson of the Year 2017 list?
“Akbarnama,” the official chronicle of Emperor Akbar’s reign, was authored by:
Which of the following term/trophies is related with the game of cricket?
FIFA headquarter is located in:
When do we observe “Global Parents Day” every year?
