Question

In 1966, the Indian Insurance Companies Association initiated the formation of Reinsurance Pools in __________ to increase the retained premiums in the country.

a.

Marine

b.

Fire and Hull

c.

Vehicle

d.

Health

Answer: (b).Fire and Hull Explanation:In 1966, the Indian Insurance Companies Association initiated the formation of Reinsurance Pools in Fire and Hull to increase the retained premiums in the country.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. In 1966, the Indian Insurance Companies Association initiated the formation of Reinsurance Pools in __________ to increase the retained premiums in the country.

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the obligation of a reinsurer when the ceding insurer is in financial difficulties or is insolvent?

Q. Reinsurance is a contract between ______________and ___________________.

Q. Which of the following is true about GIC's handling of non-reciprocal inwards into India?

Q. Which of the following statements about the history of reinsurance is correct?

Q. Which of the following statements about the reinsurer is correct?

Q. Which of the following statements about reinsurance is correct?

Q. Which of the following is incorrect with respect to advantages of reinsurance?

Q. What is the capacity of an insurer to accept risks with reinsurance support?

Q. What are the advantages of reinsurance?

Q. What is the function of reinsurance?

Q. What is the purpose of reinsurance?

Q. What is the analogy used by Dr. F.L. Tuma to describe the function of reinsurance?

Q. How can a well-planned reinsurance programme ensure long term profitability?

Q. What is the aim of the basic principle of spread of risks?

Q. How does reinsurance achieve a wider spread of risks?

Q. What is the function of excess of loss reinsurance protection?

Q. How can a well-planned reinsurance program ensure compliance of solvency norms?

Q. What is the purpose of arranging an excess of loss reinsurance protection?

Q. What is the basic principle of spread of risks?

Q. What are the factors that can cause major fluctuations in claims costs?

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!