Question
What is the primary purpose of facultative reinsurance?
Solution
Facultative reinsurance is used to cover individual risks, often those that are large or unusual, on a case-by-case basis. It is not part of a pre-arranged treaty between the insurer and the reinsurer.
Recently the Home Ministry has appointed the Police Commissioner for the CISF as IG of India?
In the Twenty20 cricket format, how many balls does each team play in an innings?
What was the theme for Nasha Mukt Bharat Abhiyaan Run on the occasion of international day against drug abuse this year?
The Centre has formed a three-member committee to review the criteria for reservation for the Economically Weaker Sections (EWS) category. Who will head...
Which company’s subsidiary has launched a bonds platform for retail investors in India to enable retail investors to invest in three types of bonds - ...
Which payment mechanism did SEBI introduce for secondary market trading?
Which state in India launched the country’s first supercapacitor manufacturing facility?
Recently Government of India has accorded 'In-Principle' approval for setting up of how many Greenfield Airports in the country?
How much of an export target has been set by APEDA for the current fiscal year (2022-23)?
Consider the following statements:
I. Recently Bangladesh has completed the construction of the Padma Multipurpose Bridge.
II. It is the ...