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______________ 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

______________ 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

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