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WorksheetsQuiz Reinsurance and bancassurance
Total questions: 10
Worksheet time: 4mins
Reinsurance allows an insurance company to:
a. Expand its capacity
b. Stabilise its underwriting results
c. Finance its expanding volume
d. All of the above
Prudent insurers
a. Will avoid over-exposure on any risk
b. Will focus on profit only
c. Will always only take risks they have experience in
d. Only use facultative reinsurance to reinsure business
SBI Life Insurance Company has alliance with State Bank of India.
True
False
The reinsurer that sets the terms for the contract is called the:
a. following reinsurer
b. lead reinsurer
c. chief reinsurer
d. stakeholding reinsurer
e. major reinsurer
A reinsurance contract is a contract of indemnity.
True
False
Reinsurance companies are not by law allowed to purchase their own reinsurance from other reinsurers.
True
False
An insurance company which places business, with a reinsurance company is known as a........
Casualty
Cedant
Catastrophe
What is the main purpose of insurance?
to follow the law
to get weathly
For investment purposes
To reduce risk
Which of the following typically have the highest insurance premiums?
Young, inexperienced drivers
Older, experienced drivers
Drivers who have with safe driving records
Drivers who travel long distances
What are riders?
Additional coverage for specific items
Estimates
Adjustments to insurance
Damages
