Q. Who has the primary obligation to pay a claim in an insurance contract?

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Q. What is the difference between an insurance contract and a reinsurance agreement?

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Q. Which of the following factors can influence a direct insurer's retention limit?

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Q. Which of the following statement is true regarding reinsurance agreement?

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Q. How do reinsurance arrangements help small insurance companies compete with larger ones?

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Q. In retrocession, the reinsurance company that transfers the risk to another reinsurer is known as the

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Q. What are the two major types of reinsurance?

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Q. In which type of reinsurance is the risk assessed on an individual basis?

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Q. What information does the direct insurance company provide to the reinsurer in Facultative reinsurance?

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Q. Can the reinsurer propose a different underwriting decision in Facultative reinsurance?

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Q. What happens if the reinsurer accepts the risk in Facultative reinsurance?

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Q. When is facultative reinsurance generally used?

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Q. In which situations is facultative reinsurance used?

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Q. What problems can arise if facultative business with the reinsurer is not renewed?

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Q. What is facultative shopping?

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Q. What is facultative reinsurance?

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Q. When is facultative reinsurance generally used?

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Q. What is "facultative shopping"?

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Q. What is treaty reinsurance?

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Q. What is the main difference between facultative and treaty reinsurance?

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