III IC-85 Practice Questions - III IC-85 Reinsurance Management Exam

Which of the following best describes facultative reinsurance?

Reinsurance that covers an entire portfolio of risks automatically. Reinsurance negotiated on an individual risk basis. Reinsurance designed strictly for catastrophe losses. Reinsurance mandated by government regulations.

Correct Answer:

Reinsurance negotiated on an individual risk basis.

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