Question 11

2 Points

An insurance company purchases additional Reinsurance to increase their Ceded Premiums Earned; explain the impact on both Direct Premiums Written and Net Premiums Earned

Question 12

1 Point

What is the impact on the Companys Loss Ratio if they purchase a 15% Quota Share Treaty?

Question 13

1 Point

If the Company wants to use reinsurance to stabilize its loss ratio, which type of Reinsurance would be best?

Question 14

2 Points

What is the difference between Excess of Loss Treaty Reinsurance and Excess of Loss Facultative Reinsurance?

Question 15

5 Points

List additional classifications used to provide detail about Net Incurred Claims.

Question 16

1 Point

What does the direct unearned premium reserve balance represent?

Question 17

1 Point

What activity results in an increase in the direct unearned premium reserve balance?