A Reinsurance Contract That Is Entered into on a Case-By-Case

question 28

Multiple Choice

A reinsurance contract that is entered into on a case-by-case basis after an application for insurance is received by a primary insurer is called

• A)a reinsurance pool.
• B)automatic treaty reinsurance.
• C)retrocession.
• D)facultative reinsurance.

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Definitions:

Elastic Cartilage

A type of cartilage that contains elastic fibers, making it flexible and found in structures like the external ear.

Connective Tissue Proper

A category of connective tissue that includes loose (areolar, adipose, reticular) and dense (regular, irregular, elastic) types, serving various support, binding, and nutritional functions in the body.

Subtypes

Variants or specific categories within a broader classification, often used in discussing different strains of viruses or specific forms of receptors in biology.

Unidirectional Stress

Stress or force that is applied in only one direction, particularly in the context of materials science or mechanical engineering.