Principios Generales de SegurosPregunta 244 de 531
A primary insurer signs an agreement under which the reinsurer must take an agreed share of every commercial property risk in a defined class. This is:
a.an excess policy the insured buys above its own primary limits
b.a pooling agreement among competing primary insurers
c.treaty reinsurance, which is accepted automatically by class
d.facultative reinsurance, negotiated one risk at a time
Explicación
Under a treaty the reinsurer agrees in advance to accept all business falling inside the defined class, so no risk is offered or judged individually. Facultative reinsurance is the opposite, with each risk submitted and the reinsurer free to decline it. Primary insurers buy either form to add capacity for large accounts, to smooth results, to guard against a catastrophe and to relieve pressure on surplus.
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