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Category: IC85 REINSURANCE MANAGEMENT EXAM – 03

IC85 REINSURANCE MANAGEMENT EXAM – 03

Que. 1 : Q1) Excess of Loss and Stop Loss Covers are the forms of

   1.  a) Proportional Reinsurance

   2.  b) Non-Proportional Reinsurance

   3.  c) Both of above

   4.  d) None of above.

Que. 2 : Q2) Terrorism is automatically covered under:

   1.  a) All Non-Marine XOL Covers.

   2.  b) Property All Risks XOL Covers.

   3.  c) Personal Accident XOL Covers.

   4.  d) None of the above.

Que. 3 : Q3) What is the name given for a verifiable claim made against a specific policy of the cedent by a policyholder or a third party?

   1.  a) Reported claim.

   2.  b) Recognised claim.

   3.  c) Precautionary claim.

   4.  d) Denied claim.

Que. 4 : Q4) While calculating the suitable reinsurance premium rate, which of the following elements of the cost is not considered?

   1.  a) Normal claims expected to occur.

   2.  b) The reserve worsening experience.

   3.  c) The reinsurers’ management expenses.

   4.  d) Status of the ceding company.

Que. 5 : Q5) Statement A : P.M.L. limit adds efficiency to retention. Statement B : P.M.L. assessment assists to retain more premium by the ceding insurer.

   1.  a) Statement A

   2.  b) Statement B

   3.  c) Both Statements A & B

   4.  d) None of the above.