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

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Q. What are some strategic uses of facultative reinsurance?

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

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

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

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Q. What is facultative reinsurance?

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Q. What is the main advantage of facultative reinsurance?

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Q. What are the limitations of facultative reinsurance?

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

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

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Q. What is treaty reinsurance?

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

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

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

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Q. What is a formal treaty wording?

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Q. Which of the following is not a characteristic of treaty reinsurance?

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Q. Which of the following is typically described in a formal treaty wording for treaty reinsurance?

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Q. How does an insurer achieve the desired level of reinsurance protection in treaty reinsurance?

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Q. What is retrocession in reinsurance?

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Q. What is the purpose of retrocession in reinsurance?

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