MCQ : REINSURANCE :

1. The process of transfer of risk from one insurer to another insurer is termed
as :
A) Transfer insurance B) Risk transfer C) Reinsurance.
D) Double insurance E) Joint insurance

2. Reinsurance can be exercised by an insurance company in :

A) Full B) Part C) Both Full & Part.
D) Excess E) Surplus

3. In general the risks which are covered under Reinsurance are _________
in nature.
A) Large B) Catastrophic. C) Speculative
D) Dynamic E) Fundamental

4. The amount / limit of risk which the insurance company decides to keep
with itself is called:
A) Self Limit B) Ceding limit C) Quoting limit
D) Retention limit. E) Retro limit

5. Who was the national Reinsurer in India until the year 2016 :
A) L.I.C of India Ltd.
B) G.I.C of India.
C) G.I.C of India Ltd.
D) Swiss Re
E) Munich Re

6. As per latest IRDAI regulations all the non-life insurers have to compulsory
cede _____ of their premium to the national re-insurer.
A) 15 % B) 5 % C) 20 %
D) 5 % E) 10 %

7. When a re-insurer transfers its risk with another insurance company or re-
insurer, its called :
A) Retrocession.
B) Treaties
C) Quota Share
D) Re-insurance Treaties
E) Pool Arrangement

8. The agreements which denotes the retention limits for various risks
between the insurance company and the reinsurer are called as :
A) Reinsurance agreements
B) Reinsurance quotas
C) Treaties.
D) Pool arrangements
E) Second agreements