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.
Given below are two statements, one is labelled as Assertion A and other is labelled as Reason R
Assertion A: The temperature increases with incr...
The MRP of urea is statutorily fixed by the Government of India and at present it is Rs…………………. for a 50 Kg bag of urea.
...Potassium in Muriate of Potash (MOP) is present in the form ofÂ
Flumes are preferred for
Which of the following mycoherbicide is used to control dodder?Â
In Lepidopteran insects, the goblet cells found in the midgut are mainly involved in the accumulation of:
Which of the following statements describe Kingdom Fungi?Â
What type of tillage implement is a disc harrow?
The process of Pedoturbation primarily alters soil:
Heteromorphic self-incompatibility is due to differences in:
