Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 28

Que. 1 : Q1) What do ‘Reserves’ refer to in insurance accounting ?    1.  a) Estimate for future liabilities    2.  b) Funds for future expansions    3.  c) Funds available for investments    4.  d) Invested funds Que. 2 : Q2) Which of the below statement is correct with regards to a householders insurance policy?    1.  a) A named peril policy may be purchased […]