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Today General Knowledge(GK)
______is a type of reinsurance in which the re-insurer can accept or reject any risk presented by an insurance company seeking reinsurance.
A)
Health Insurance
B)
Treaty Insurance
C)
Facultative Insurance
D)
None of the Above

Correct Answer : Option (C) - Facultative Insurance



Facultative insurance is reinsurance for a single risk or a defined package of risks.

Published On : June 2, 2021
Category : Insurance and Finance
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