Finance · Insurance and Reinsurance
Consider the following statements regarding types of Reinsurance: Statement 1: Under Facultative Reinsurance, the ceding insurer is obliged to offer every risk in a particular class to the reinsurer. Statement 2: Treaty Reinsurance is generally used for the automatic cession of multiple risks, typically covering an entire portfolio or class of business.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement 1 nor Statement 2 is correct
- 2Both Statements 1 and 2 are correct
- 3Only Statement 2 is correct✓
- 4Only Statement 1 is correct
Correct answer
Only Statement 2 is correct
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