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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.
Which gas is used to convert vegetable oils into solid fats?
The process of gaining electrons is known as:
What is the primary advantage of superconductors?
Kindly Study the following questions carefully and choose the right answer.
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