Question

What is facultative reinsurance?

a.

A reinsurance contract that covers a defined group of policies

b.

A standard contract used for reinsurance protection

c.

A one-off reinsurance contract for a single policy

d.

A non-standard contract used for reinsurance protection

Posted under IC85 Reinsurance Management

Answer: (c).A one-off reinsurance contract for a single policy Explanation:Facultative reinsurance is a one-off reinsurance contract for a single policy.

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