Q. Which of the following statements is true about facultative reinsurance?

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Q. Who are the parties involved in a reinsurance contract?

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Q. Can a reinsurance contract exist without a direct insurance?

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Q. What is the primary basis of the law governing reinsurance contracts?

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Q. Which of the following terms is commonly used to describe a reinsurance contract expressed in the form of a treaty?

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Q. Who is the reinsurer in a reinsurance contract?

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Q. What is the primary purpose of reinsurance?

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Q. Who is the reinsurer liable to in a reinsurance contract?

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Q. What is the consideration for a reinsurance contract?

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Q. Who signs the policy in a facultative reinsurance contract?

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Q. Which practice has given rise to legal cases and affected the reinsurance profession?

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Q. Which principle requires the existence of insurable interest?

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Q. Which principle emphasizes the disclosure of every material fact in the reinsurance contract?

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Q. Which principle states that the reinsurance contract is based on the concept of indemnity?

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Q. Which principle requires the subject matter of the reinsurance contract to exist at the time of making the contract?

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Q. Which aspect of reinsurance has demanded a greater degree of attention to disclosure and materiality?

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Q. In Anglo-African Merchants Ltd v/s Bagley, 1969, what condition must be satisfied for the defense of non-disclosure to prevail?

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Q. Under a reinsurance treaty, when does the duty of disclosure extend beyond the conclusion of the contract?

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Q. In modern treaty practice, where is the continuing duty of disclosure typically mentioned?

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Q. Which principle is an integral part of the reinsurance contract?

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