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Infosys Certified PnC Reinsurance-Advanced

Practice with real exam-pattern questions for Infosys Certified PnC Reinsurance-Advanced. Each question includes a detailed explanation to help you understand the concept, not just memorise the answer. Try 10 questions free — no login required.

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10 Infosys Certified PnC Reinsurance-Advanced practice questions with answers

Real Lex exam-pattern multiple-choice questions for the Infosys Certified PnC Reinsurance-Advanced certification. Each question includes the correct answer. The full question bank is available to Premium members.

  1. Question 1

    The amount of responsibility assumed but not reinsured by the insurance company.

    • RetentionCorrect
    • BAdverse Selection
    • CFlat Commission
    • DInsurance Risk
  2. Question 2

    The reinsurance company that transfers the reinsurance risk it had underwritten to another reinsurance company is called

    • RetrocedentCorrect
    • BRetrocessionaire
    • CCedent
    • DReinsurer
  3. Question 3

    Benefits of reinsurance

    • Catastrophic reliefCorrect
    • BStabilization of loss experience
    • CWithdrawal from market
    • DAll of the above
  4. Question 4

    In a reinsurance agreement, primary insurer is also called as

    • CedentCorrect
    • BRetrocedent
    • CRetrocessionaire
    • DReinsurance intermediary
  5. Question 5

    The reinsurance company that undertakes, in part or in full, the reinsurance risk underwritten by another reinsurance company is called

    • RetrocedentCorrect
    • BRetrocessionaire
    • CCedent
    • DReinsurer
  6. Question 6

    In reinsurance, the process of transferring part of the risk or liability from an insurer to reinsurer is called

    • RetrocessionCorrect
    • BCession
    • CRetention
    • DNovation
  7. Question 7

    Larger primary insurer needs proportionately more reinsurance than smaller insurer.

    • trueCorrect
    • Bfalse
  8. Question 8

    Which among these would need relatively more reinsurance cover.

    • A hurricane risk covered in south-east coast of United States of AmericaCorrect
    • BA hurricane risk covered across all states in United States of America
    • CBoth A & B
    • DNone of the above
  9. Question 9

    A primary insurer with the below risk mitigation approach would need more reinsurance.

    • Risk Averse InsurerCorrect
    • BRisk seeking insurer
    • CBoth A&B
    • DNone of these
  10. Question 10

    Higher limit on the reinsurance agreement would result in :

    • Lower cost to primary insurerCorrect
    • BHigher cost to primary insurer
    • CLimit does not affect the cost of reinsurance
    • DInconclusive, may affect the cost of reinsurance depending on other parameters
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