Which type of reinsurance involves one particular risk and is expressed in a reinsurance policy, with each transaction negotiated individually and offering both the ceding company and the reinsurer a free choice?
Facultative Reinsurance: It is that type of reinsurance whereby the contract relates to one particular risk and is expressed in a reinsurance policy.. Each transaction under Facultative Reinsurance has to be negotiated individually and each party to the transaction has a free choice, i.e. for the ceding company to offer and the reinsurer to accept. The main drawback of this type of insurance is the volume of work involved and time taken to cover the risk.
Identify the segment in the sentence which contains the grammatical error. If there is no error, select 'No error'
In about two weeks our holi...
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Identify the segment that contains a grammatical error. If there is no error, select 'No error'.
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Parts of the following sentence are given as options. Identify the segment that contains a grammatical error.
When there were a strong wind, th...
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