Q 1. A reinsurer shall support a ceding insurer on what basis. Find the odd man out.
Q 2. Additional commission paid to ceding insurer on ceding good business is known as
Q 3. Any expenses occurred in minimizing or averting any loss due to military uprising in a contract with political risk exclusion clause is
Q 4. As per pareto loss distribution ,
Q 5. Catastrophe excess of loss coverage can be given for
Q 6. Cover note in reinsurance is issued by
Q 7. Excess of loss rating is decided on
Q 8. Facultative reinsurance is used in risks with
Q 9. For termination of contract , which of the following is sufficient
Q 10. How much percent is usual to note in practice a loading with regards to ‘Pure Burning Cost’?
Q 11. If a surplus treaty is based on PML retention , where the estimated PML is 20 lakhs and sum insured is 50 lakhs .The line is 5 lakhs .How much amount will be reinsured
Q 12. If the net amount is 5000000 and amount ceded under surplus reinsurance is 40 lakhs .the no of lines ceded is
Q 13. If the total risk sum insured is 500000 and line is 200000 .The amount retained is
Q 14. In a credit rating agency, who among the following can take the decision regarding change of rating of an insurer ?
Q 15. In a surplus treaty with 3 insurers with first surplus treaty for 3 lines , 2nd for 3 lines and third for 5 line .For a sum insured of 20 lakhs and line of 2 lakhs .A loss of 5 lakhs happened
.the liability of reinsured is
Q 16. IN an excess of loss arrangement, cover reads as 50 lakhs in excess of 30 lakhs, and the loss amount is Rs 70 lakhs. What is the amount recoverable from reinsurer?
Q 17. In case of liability insurance , which of the following reinsurance are taken
Q 18. IN case of riots spread over a period of 10 days , for the purpose of excess of loss reinsurance , the loss will be considered as
Q 19. In excess of loss reinsurance , the reinsurance contract is written as 30 crore Xs of 50 crore .In a loss of 90 crore the liability of reinsurer will be
Q 20. In how many days does a reinsurer shall confirm the accounts after receipt and the balance on either side
Q 21. In liability reinsurance , the catastrophic reinsurance was done but already exists a excess of loss cover with insurer XYZ for 50 crore in excess of 100 crore and catastrophe cover limit was 300crore in Xs of 200 crore .A loss due to earthquake happened and total liability was 200 crore .The amount of claim paid by reinsured will be
Q 22. In non proportional treaty , the trigger for the liability of reinsurer is known as
Q 23. In Sliding scale of Commission arrangement
Q 24. IN variable quota share , the % of retention decreases by 5% for every range of 50 crore of sum insured increase and for first 50 crore retention is 20 % and minimum retention is 5% .A sum of 80 crore is insured by insurer X .What is amount of sum retained by X
Q 25. IN which of the following insurance , group reinsurance is common
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