Que. 1 : Q1) Loss ratio method cannot be used for:    1.  a) Existing fire class of business    2.  b) New line of business    3.  c) Commercial lines of business    4.  d) Household lines of business Que. 2 : Q2) The date on which the loss is first reported to an insurer?    1.  a) Accident Date    2.  b) Accounting Date    3.  c) Valuation Date… Read More »