Adminitrative costs in facultative reinsurance are high as compared to treaty reinsurance.
In treaty reinsurance it is obligatory for the ceding company to cede all risks within scope of agreement and reinsurer has to accept all the cessions.
Excess loss reinsurance is a non-proportional reinsurance agreement.
Stop loss reinsurance protects the ceding company against losses beyond a certain percentage.
Covers that are focused in covering the risks of the rural folk are known as rural insurances.
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