What is a type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance?
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.
"Consider the following statement regarding a Scheme SMILE - Support for Marginalized Individuals for Livelihood and Enterprise -"
I. It is launc...
All the following will be included in the company’s operating activities except:
India's Reliance Industries Ltd acquire which solar panel maker company for an enterprise value of $771 million?
BSE has partnered with the which state government to create awareness amongst SMEs in the state on the benefits of listing and also guide them on raisin...
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was introduced by creating a CGTMSE Trust by Govt of India and ….
Which of the following Statements depict correct picture of Poverty?
I- lack of basic capacity to participate effectively in society.
Which of the following correctly describes Absolute Poverty?
Investing cash flows most likely reflect changes in which of the balance sheets’ components?
In the Budget 2021-22, finance ministry allotted 16.5 lakh crore for agriculture. What is amount allotted in agriculture in the Budget 2020-21?
Many initiatives have been taken to fight pandemic, TLTRO is one such initiative, identify under which policy category does it fit ?