Standards Related to Reinsurance, Risk Corridors and Risk Insurance Illinois Form

Instructions and help about Standards Related To Reinsurance, Risk Corridors And Risk Insurance Illinois

[Music] thank you welcome back as a wrenchur our job is to cover and carry part of the risks under whitened by your client to do so we need to carefully understand the needs of a client it is crucial if you want to be able to respond to business as effectively as possible but do we always respond the same way of course not we already covered obligatory treaties in your previous videos but when it comes to answering a very specific need a ranger must provide the most adequate structure to cover it so what option does he have and use well we'll answer to this question in this video the first type and probably the most common structure used to cover a single risk or part of it is called of a contestive cover a facultative cover is usually used to windshield a peak in exposure or a policy that is not aligned with the usual business of the insurance company for example it could be a very specific type of business excluded from the main treaty or risk without some insured above the treaty li