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.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is facultative reinsurance?

View solution

Q. What is the purpose of a reinsurance contract?

View solution

Q. Which of the following is a type of reinsurance contract?

View solution

Q. What is facultative reinsurance?

View solution

Q. What is the definition of facultative reinsurance?

View solution

Q. Facultative reinsurance can be transacted on which basis?

View solution

Q. What is the purpose of obtaining reinsurance coverage before accepting to insure a client in facultative reinsurance?

View solution

Q. What are some strategic uses of facultative reinsurance?

View solution

Q. Why do insurers obtain reinsurance coverage before accepting to insure a client in facultative reinsurance?

View solution

Q. What is the main reason for the decline of facultative reinsurance over time?

View solution

Q. What is the advantage of using facultative reinsurance to reinsure hazardous risks not protected by treaty arrangements?

View solution

Q. What is facultative reinsurance?

View solution

Q. What is the main advantage of facultative reinsurance?

View solution

Q. What are the limitations of facultative reinsurance?

View solution

Q. What are the considerations for a single Mega Risk Facultative Reinsurance Placement?

View solution

Q. Which of the following is correct with respect to facultative reinsurance?

View solution

Q. What is treaty reinsurance?

View solution

Q. What are the two ways in which treaty reinsurance may be transacted?

View solution

Q. What is the key difference between facultative and treaty reinsurance?Why are the administrative costs lower in treaty reinsurance than in facultative reinsurance?

View solution

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

View solution
View All MCQs on IC85 Reinsurance Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

IC 92 Actuarial Aspects of Product Development

Sharpen your understanding of actuarial principles in product development with our...

Environment Management

Master the art of Environment Management with our specialized category. Explore...

Renewable Energy

Explore the sustainable future of energy with our Renewable Energy category. Dive...

DC Machines

Dive into the fundamentals of direct current (DC) machines with our specialized...

Corrosion Engineering

Master the art of preventing material deterioration with our Corrosion Engineering...

International Relations

Navigate the complex world of International Relations with our dedicated category....

Engineering Geology

Explore the dynamic field of Engineering Geology with our specialized category. Delve...

Waste Water Engineering

Navigate the challenges of wastewater treatment and management with our Waste Water...