In: Finance
______________ reinsurance is referred to as "obligatory" reinsurance while ______________ reinsurance is referred to as "non-obligatory" reinsurance. proportional; non-proportional treaty; facultative non-proportional; proportional facultative; treaty
Ans:
Proportional reinsurance is referred to as "obligatory" reinsurance while Proportional facultive reinsurance is referred to as "non-obligatory" reinsurance.