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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.
Where is the birth place of Amir Khusrau?
According to Morgan Stanley India’s growth is projected at _______ % for the year 2022-23.
When is Micro, Small and Medium-sized Enterprises (MSMEs) Day observed in India?
Which ministry has launched the Prerana program?
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Which state government has launched a scheme to provide personal loans for prisoners with the aim to improve the living standard of the families of the ...
