Que. 1 : Q1) The reserve that is set aside for a specific filed claim is called 1. a) IBNR 2. b) Bulk reserve 3. c) Additional reserve 4. d) Case reserve Que. 2 : Q2) The two types of Reinsurance are 1. a) Proportional and Non-Proportional 2. b) Treaty and Facultative 3. c) Proportional and Facultative 4. d) Non-Proportional and Treaty Que. 3 : Q3)…