Facultative reinsurance is:
A) automatic, on a treaty basis
B) always revocable for first 30 days
C) arranged separately for each new exposure
D) placed with an alien insurer

Question

Quizplus · Accepted Answer

Facultative reinsurance is arranged separately for each new exposure, rather than being part of a treaty agreement. It is a form of reinsurance that provides coverage for specific risks or portions of risks that are not covered under a standard treaty agreement.

Facultative Reinsurance Is