Que. 1 : Q1) Insurance company expenses associated with the settlement of claims, as distinguished from the marketing, investment or general administrative operations, are referred to as ___________. 1. a) Expenses 2. b) Loss adjustment expenses 3. c) Allocated loss adjustment expenses 4. d) Unallocated loss adjustment expenses Que. 2 : Q2) Which of the following formula is correct? 1. a) T…