Q 1. A ceding insurers retention in Surplus Reinsurance is known as_____.
Q 2. ABC Lt(a) A ceding insurer wants to know about long tail business. Explain.
Q 3. After nationalization _________ became an Indian reinsurer company.
Q 4. Benefit of reciprocal trading is?
Q 5. Choose the correct option with regards to reinsurance.
Q 6. Design a logical and most appropriate conclusion for the following sentence: An important data that should be capable of being made available from a good information system used by the primary insurer should be:
Q 7. For which of the following types of business will the accounting be rendered on as ?underwriting year ?basis?
Q 8. How is the optimum capacity of the second surplus treaty determined?
Q 9. In a program design stage who are those involved that leads to realism and synchronization with the best available design in the world reinsurance markets
(i) professional reinsurer
(ii) agents and brokers
(iii) intermediaries
Q 10. In case of inward reinsurance retrocession is required ________.
Q 11. In which of the following reinsurance commission methods will the commission payable be determined by applying the agreed percentage of commission to the premiums added less returns and cancellations?
Q 12. ''Obligatory contract'' is the name that one can give to the category of:
Q 13. One of the important factors in reinsurance programme design is _________.
Q 14. Propose a name for the retention which is required to be manage(d)
Q 15. Suggest as to which option would hold true if the IMF wage indSol. fluctuates below 10%?
Q 16. The factors which are affecting the rate for calculation of premium for XL cover are: -
Q 18. Under the proportional treaty, the reinsurer''s liability commences first and then the liability of ceding insurer starts. Do you agree this is true?
Q 19. What is the main objective of Oil & Energy Insurance Syndicate, which is officially registered in the Kingdom of Bahrain?
Q 20. When is coverage under a traditional insurance policy "triggered"?
Q 21. Which of the following are main aspects to be looked in evolving a statistical system?
Q 22. Which of the following is correct with respect to market pool?
(i) in market pool, each insurer keeps his own retention and thereafter cedes to the pool on priority basis up to defined limits
(ii) market pool may be protected by suitable surplus share covers and redistributed back to the members
(iii) in market pool the ceding insurer cannot get further retention on his own risks through the pool
(iv) market pools can be very useful where each member is ceding similar portfolio of risks to the pool
Q 23. Which of the following reinsurances is used in protecting property risks loss exposures?
(i) Stop Loss or Excess of Loss Ratio Reinsurance
(ii) Risk Excess of Loss Reinsurance
(iii) Facultative Excess of Loss Reinsurance
(iv) Aggregate Excess of Loss Reinsurance
Q 24. Which one is true regarding ?Losses occurring basis method??
Q 25. Who is a reinsurer?
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