facultative reinsurance

Definition of "facultative reinsurance"
  1. A type of reinsurance contract that is specifically designed for a single risk
How to use "facultative reinsurance" in a sentence
  1. The insurance company decided to opt for facultative reinsurance as it allowed them to cover a unique, high-risk event.
  2. Due to the specific risk profile, facultative reinsurance was the most suitable option for the property.
  3. The underwriter recommended facultative reinsurance for the construction project due to its one-off nature.

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