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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Q. What is Catastrophe reinsurance?

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Q. What events are generally not covered under Catastrophe reinsurance?

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Q. Why is Catastrophe reinsurance purchased by a direct insurance company for a large block of individuals and not on an individual basis?

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Q. An insurance company may send a reinsurance case proposal to multiple reinsurers. The reinsurer who gives the most competitive offer is accepted by the insurance company to reinsure the case. This is known as _______________.

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