In this reinsurance arrangement, an agreement is made between the ceding company and the reinsurer(s), specifying limits for reinsurances that can pertain to monetary values, geographical regions, or sections of business. Within this contract, the reinsurer is obligated to accept all risks falling within the scope of the agreement, and the ceding company is required to cede risks as per the agreement's terms. What type of reinsurance is being described?
Treaty Insurance: Under this type of reinsurance a Treaty agreement is entered into between the ceding company and the re-insurer(s) whereby the reinsurances are within the limits of the Treaty. These limits can be monetary, geographical, section of business, etc. Under this contract it is obligatory for the re-insurer to accept all risks within the scope of this Treaty and it is obligatory for the ceding company to cede risks in accordance with the terms of the Treaty.
Select from the following the biotic component of an ecosystem.
Which of the following is used to chemically test starch?
Which of the following options gives the correct chronological order of rulers of the Mauryan Empire?
Under which Act was the rule of British Crown established over India?
The aggregate demand in an economy severely outweighs the aggregate supply, is a situation occurs in which type of inflation in the economy?
At which of the following places did the Indian Iron and Steel Company set up its first factory?
Who among the following shall communicate to the President all the decisions of the council of ministers under article 78?
An interest subvention of how much percent was approved on short-term farm loans up to Rs 3 lakh to lending institutions for FY 2022-23 to 2024-25?
In which country did the hotaki dynasty flourish?
The famous ‘Pashupatinath Temple’ is located in which country from the following?
