Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Shyam asked 1 year ago

The question specifies that Royal General Insurance has entered into a re-insurance contract with ABC insurance against the risk of fire only.
Sir this is not facultative insurance but ans specifies that it is a facultative insurance don’t you think it is a Treaty insurance

1 Answers
RaviRavi Staff answered 1 year ago

when you reinsure only specific risk and not all risks involved
then such risk by risk ceding of risk is covered in facultative reinsurance  

Call Back Request