At First Brokers Insurance we are here to guide our customers through the sometimes confusing world of insurance coverage. We offer many types of insurance including, Auto, Home Owners, Life and Commercial. In order to help give you a greater understanding of insurance we are continuing our insurance defined series.
*Reinsurance-a process involving the transfer of risk for one insurer to another insurer.
*Facultative (or Specific) Reinsurance-a form of reinsurance using offer and acceptance of individual risks, in which under a contract of reinsurance, the reinsurer retains the faculty to accept or reject each risk offered by the ceding company.
The first priority of the agents at First Brokers Insurance is to ensure that you have the best coverage at the best price. Give us a call and schedule your free policy evaluation.
*The National Alliance Research Academy: Insurance Essentials Handbook