Automatic, Facultative, Facultative Obligatory Introduction
Automatic, Facultative, Facultative Obligatory Introduction
Automatic, Facultative, Facultative Obligatory Introduction
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3. A type of reinsurance in which the reinsurer makes an underwriting decision, to<br />
accept or decline, on each risk sent by the ceding company is known as:<br />
a. automatic reinsurance<br />
b. facultative reinsurance<br />
c. fac ob reinsurance<br />
NOTES<br />
American Council of Life Insurers, Life Reinsurance Treaty Sourcebook, 2 nd Printing,<br />
2008