Q. What is the purpose of a reinsurance contract?

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Q. What is the purpose of a reinsurance contract?How many ways can a reinsurance contract be arranged?

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Q. ________________ is a contract of reinsurance whereby the ceding insurer may cede risks of any agreed class of insurance which the reinsurer must accept if ceded.

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Q. For what purposes is Facultative Obligatory Treaty used?

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Q. Why is the ceding commission for Facultative Obligatory treaties progressively less than the quota share and surplus treaties?

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Q. Is Facultative Obligatory Treaty a common type of reinsurance contract?

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Q. What is Facultative Obligatory Treaty?

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Q. ABC is a reinsurance company. It gets into a contract with another reinsurance company: XYZ Reinsurance Co. Ltd. Such contracts between two reinsurance companies are known as _______________

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Q. What is the advantage of Treaty reinsurance over Facultative reinsurance in terms of administrative costs?

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Q. What is a formal treaty wording in Treaty Reinsurance?

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Q. What rights does each party forego in a Treaty Reinsurance agreement?

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Q. What are the two types of basis on which Treaty reinsurance may be transacted?

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Q. What is Treaty Reinsurance?

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Q. What is the purpose of retrocession in reinsurance?

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

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

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Q. What is a formal treaty wording?

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

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