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.
Statements: Q © E, S % C, E $ S, C @ A
Conclusions:
I. A © C
II. S % A
III. C © Q
Statements: A % I, I * Q, Q % R, R $ M
Conclusions :
I. M # I
II. M # Q
III. I # R
IV. Q % A
Statements: F > C > K; L < G < D; C ≥ H < D > I
Conclusions:
I. L < C
II. K > I
III. F > H
Statement: A > B = C < D > E; F ≤ H < I; E > G > I
Conclusions:
I. D > F
II. F < G
III. B < G
Statements: A % B & Z % F; F # C & E; E @ P # D
Conclusions : I. C @ P II. A % P ...
Statements:
L ≥ M = N < P; O < Q ≥ R =S ≥ L
Conclusions:
I). Q > M
II). Q = N
Which of the following symbols should replace the sign (@) respectively in the given expression in order to make the expression Y ≥ Z and D > K defin...
A statement is given, followed by two conclusions I and II. Decide which of the given conclusions is/are true based on the statement.
Statemen...
In the following question, a relationship between different elements is shown in the statements, followed by two conclusions I and II. Assuming the stat...
Statements:
Z > N ≥ B = J ≤ M; Y ≥ U > N ≥ P
Conclusions:
I). P ≤ Z
II). M > Y
...
