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3








                                   Features and operation of                                                         Chapter


                                          facultative reinsurance                                                    3





                Contents                                                       Syllabus learning
                                                                               outcomes

                Learning objectives
                Introduction
                Key terms
                A Main features and operation of different types of facultative reinsurance  3.1
                B Calculation of reinsurance premiums and claims recoveries    3.2

                Key points
                Question answers
                Self-test questions


               Learning objectives                                                                               Reference copy for CII Face to Face Training
               After studying this chapter, you should be able to:
               • describe the features of facultative reinsurance;
               • distinguish between facultative proportional and facultative non-proportional reinsurance and how
                 each operates;
               • outline the various definitions of premium income used in reinsurance and how they apply to
                 reinsurance programmes;
               • calculate reinsurance premiums and claims recoveries; and
               • differentiate between the premium and claims calculations for proportional and non-proportional
                 types of facultative reinsurance.
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