Q. Which of the following forms of reinsurance, reinsures risks on individual basis?

View solution

Q. What is retrocession?

View solution

Q. What is treaty reinsurance?

View solution

Q. Can facultative reinsurance be obtained before accepting to insure a client?

View solution

Q. What is facultative reinsurance?

View solution

Q. What is the difference between proportional and non-proportional reinsurance?

View solution

Q. What is the purpose of a reinsurance contract?

View solution

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

View solution

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.

View solution

Q. For what purposes is Facultative Obligatory Treaty used?

View solution

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

View solution

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

View solution

Q. What is Facultative Obligatory Treaty?

View solution

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 _______________

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What is Treaty Reinsurance?

View solution

Q. What is the purpose of retrocession in reinsurance?

View solution