Q. Which of the following forms of reinsurance is used to arrange automatic additional capacity for the surplus after exhausting the existing automatic arrangements for reinsurance cessions?

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Q. In which of the following reinsurance contract insurer needs to obtain reinsurance coverage before accepting to insure a client?

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Q. In which of the following reinsurance contracts does the ceding insurer have the option to cede and the reinsurer have the option to accept a specific risk of a specific insured?

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

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Q. What is retrocession?

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Q. What is treaty reinsurance?

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

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Q. What is facultative reinsurance?

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

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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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