CS/BIRM/SEM-6/BIRM-602/2013
2013
RE-INSURANCE AND INSURANCE MARKETING
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Choose the correct alternatives for the following : 10 × 1 = 10
i) ..................... is the liability for future payment on
losses which have already occurred but have not yet
been reported.
a) Premium reserve b) Profit reserve
c) IBNR claims d) none of these.
ii) Every re-insurance contract is
Statement I : A contract of indemnity.
Statement II : Not a contract of indemnity.
a) Statement I is true b) Statement II is true
c) Both are true d) Both are false.
iii) .................. is an incremental commission paid on
retrocession of a re-insurance.
a) Profit commission b) Overriding commission
c) Ceding commission d) None of these.
iv) Which of the following is an example of loss basis treaty ?
a) Stop loss b) Surplus share
c) Facultative d) Quota share.
v) Which of the following is very important information for