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…