Question
What is a type of reinsurance in which the reinsurer can
accept or reject any risk presented by an insurance company seeking reinsurance?Solution
Facultative insurance is reinsurance for a single risk or a defined package of risks. The ceding company (the primary insurer) is not compelled to submit these risks to the reinsurer, but neither is the reinsurer compelled to provide reinsurance protection. Each risk under a facultative contract is individually underwritten by the reinsurer. Agreement to provide reinsurance “facilitates” the primary insurer’s desire to write the business; without the reinsurance, the primary insurer may be unable to provide coverage for the agent.
The postman travelled by the cycle, often wading through (1)/ swamps or passed through jungles (2)/in order to reach the villages (3)/ No error (4)
Mike said that they (A)/were in the field house on (B)/the other side of the baseball field (C)/and that he had called in to them (D).
"Despite of the heavy rainfall, the match continued as planned without any interruptions."
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark i...
- Given below is a sentence with an error. The error is in one part of the sentence. Below the sentence are given the options containing the parts of the sen...
Select the segment which has a grammatical error in the given sentence.
The whole market was engulfed by the angry fire.
1. Oceans absorb most of the heat produced from greenhouse gas build up, and temperature is only projected to increase.Â
2. A September 2014 stu...
The study carried on in collaboration with the Wildlife Institute of India and WWF India.
In each of the following sentences, a sentence is divided into 4 parts (A), (B), (C) and (D). Find out the error in these parts if any.
...Read the sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part or more of the sentence. Choose the o...
