IC85 REINSURANCE MANAGEMENT EXAM - 12

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Que. 1 : Q1) The reserve that is set aside for a specific filed claim is called

   1.  a) IBNR

   2.  b) Bulk reserve

   3.  c) Additional reserve

   4.  d) Case reserve

Que. 2 : Q2) The two types of Reinsurance are

   1.  a) Proportional and Non-Proportional

   2.  b) Treaty and Facultative

   3.  c) Proportional and Facultative

   4.  d) Non-Proportional and Treaty

Que. 3 : Q3) The practice of reciprocal reinsurance trading is more often used in the case of_____________ business.

   1.  a) Fire insurance

   2.  b) Life insurance

   3.  c) Aviation insurance

   4.  d) Accident/liability insurance

Que. 4 : Q4) While preparing summary sheet in the case of reciprocal exchange, Which of the following information is not included?

   1.  a) Adequacy of rate

   2.  b) Commission

   3.  c) Incurred claims

   4.  d) Net result

Que. 5 : Q5) ABC is a reinsurance company. it gets into a contract with another reinsurance company: XYZ Reinsurance Co.Ltd . such contracts between two reinsurance compaines are known as____________

   1.  a) Facultative reinsurance

   2.  b) Treaty reinsurance

   3.  c) Retrocession

   4.  d) Facultative obligatory reinsurance