Question

What is facultative reinsurance?What is treaty reinsurance?

a.

A reinsurance contract that covers a defined group of policiesA reinsurance contract that covers a defined group of policies

b.

A standard contract used for reinsurance protectionA standard contract used for reinsurance protection

c.

A one-off reinsurance contract for a single policyA one-off reinsurance contract for a single policy

d.

A non-standard contract used for reinsurance protectionA non-standard contract used for reinsurance protection

Posted under IC85 Reinsurance Management

Answer: A one-off reinsurance contract for a single policyA reinsurance contract that covers a defined group of policies Explanation:Facultative reinsurance is a one-off reinsurance contract for a single policy.Treaty reinsurance is an automatic reinsurance contract for a defined group of policies.

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Q. What is facultative reinsurance?What is treaty reinsurance?
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