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

Posted under IC85 Reinsurance Management

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.
Add Comment

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?

View solution

Q. Reinsurance is a contract between ______________and ___________________.

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What are the advantages of reinsurance?

View solution

Q. What is the function of reinsurance?

View solution

Q. What is the purpose of reinsurance?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution
View All MCQs on IC85 Reinsurance Management

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!

Genetic Engineering

Unlock the potential of Genetic Engineering with our dedicated category. Explore gene...

UIDAI Aadhaar Supervisor Certification

Prepare for the UIDAI Aadhaar Supervisor Certification with our specialized category....

Waste Water Engineering

Navigate the challenges of wastewater treatment and management with our Waste Water...

IC90 Human Resource Management

Prepare for success in the Insurance Institute of India (III) examination with IC90...

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....

Biochemical Engineering

Master the synergy of biology and engineering with our Biochemical Engineering...

Basic Electrical Engineering

Master the fundamentals of Electrical Engineering with our specialized category....

Drug and Pharmaceutical Biotechnology

Navigate the world of pharmaceuticals and biotechnology with our dedicated category....

Geotechnical Engineering

Dive into the world of Geotechnical Engineering with our dedicated category. Explore...