414 FIN SE – IL - FIN - 26 Reinsurance
MBA SEM-IV 2021-22 Online Exam

S. P. Mandali's
Prin. N.G.Naralkar Institute of Career Development & Research
536 Shaniwar Peth, Appa Balwant Chowk (ABC Chowk) Pune-411030


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MBA SEM-IV 2021-22 Online Exam
Total Questions : 25
Per Questions  Mark : 1
Passing Mark : 10
The main reason an insurer would purchase reinsurance is because
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2. Reinsurance pools are comprised of reinsurers that
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3. In addition to fund contributions, what monies are the operator of a Retakaful  reinsurer entitled to receive?
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4. How does Lloyd’s assist in the management of the underwriting cycle for              syndicate reinsurers?
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5. Reinsurers X and Y are frequently co-reinsurers on the same liability excess of loss treaties. What is the most likely reason that reinsurer X would NOT want to write a liability quota share retrocession for reinsurer Y?
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6. The disadvantage to an insurer of purchasing a catastrophe bond is that
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7. Which type of reinsurance is most likely to charge the total premium at contract             inception?
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8. A surplus treaty usually attracts a lower commission rate than a quota share              treaty because a surplus treaty
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9. A surplus treaty states that the interest payable to the reinsurer is based on the amount of the reserve held. This confirms the existence of
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10. A reinsurer may request a letter of credit on behalf of a reinsured to
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11. The limit and retention under a stop loss treaty are usually expressed as              percentage  of
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12. A reinsurance underwriter is preparing a quote for a prospective new client using an experience-based premium calculation method. How will the pure burning cost of each year be calculated?
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13. Reinsurance can be called as ________
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14. The type of reinsurance treaty that is most likely to be subject to unlimited reinstatements at no additional cost is
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15. A reinsurance underwriter is considering writing a treaty for a Florida-based domestic insurer. What reinsurance conditions can he impose to limit hurricane exposure?
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16.       Catastrophe modelling is widely used by reinsurers because it
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17. The risk premium within a non-proportional reinsurance programme is the
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18. A motor insurer combines both proportional and non-proportional treaties into its reinsurance programme. The programme will most likely consist of what types of treaty?
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19. The main reason a reinsurer requires material information from an insurer before participating in its reinsurance programme is to
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20. When an insurer exchanges proportional reinsurance business with another insurer, this is known as
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21. The main role of an insurer’s security committee is to
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22. In addition to offer and acceptance, what other elements are required to form a valid reinsurance contract?
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23. Which clause allows a cedant to pay an amount equivalent to its outstanding losses to a current year’s reinsurer to assume those outstanding losses?
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24. Compliance with the Sarbanes-Oxley Act (2002) is essential for reinsurers based in which market?
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25.  A marine reinsurance underwriter’s single largest unit value at risk will usually result from which business sub-class?
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