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.
The harsh fact is that _______ of terror, senseless violence, corruption and coercion will always be with us. Similarly, there will ______ be crimes, a...
Law of triviality __________ to the observation ________ people in organisations pay more attention to unimportant issues ________ towards issues that r...
Select the most appropriate option to fill in blank.
Find the appropriate word.
Fill in blank 1 with the appropriate word from the options.
Choose the most appropriate option for blank 76.
From the following select the appropriate word to replace number (47) in the above passage.
Find the appropriate word.
Fill in blank 6 with the appropriate word from the options.
Choose the appropriate word to fill the blank.
