Que. 1 : Q1) Which clause provides for the procedure for accounting and settlement of balances of accounts between the parties to reinsurance agreement? 1. a) Set-off clause 2. b) Arbitration clause 3. c) Accounting clause 4. d) Loss advices and accounting of losses clause Que. 2 : Q2) Under which reinsurance, Marine cargo business for most countries is predominantly ocean…