Question

What is deducted from earned premiums?

a.

Premiums received from policyholders after the year-end

b.

Premiums paid in advance for future years

c.

Reserve for unexpired risks at the end of the current year

d.

Reserve for unexpired risks brought forward from the previous year

Posted under IC85 Reinsurance Management

Answer: (c).Reserve for unexpired risks at the end of the current year Explanation:The reserve for unexpired risks at the end of the current year is deducted from earned premiums.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is deducted from earned premiums?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What are incurred losses?

View solution

Q. What is added to incurred losses?

View solution

Q. What is the purpose of a provisional commission?

View solution

Q. How is the provisional commission determined?

View solution

Q. What does a sliding scale of commission aim to do?

View solution

Q. What is the purpose of the table of "Sliding Scale of Commission"?

View solution

Q. What is the purpose of overriding commission?

View solution

Q. How can the overriding commission payable by the reinsurer be calculated?What is brokerage in reinsurance?

View solution

Q. How can the overriding commission payable by the reinsurer be calculated?

View solution

Q. How is the percentage of brokerage payable determined?

View solution

Q. What is profit commission in reinsurance?

View solution

Q. What are the two types of profit commission statements?

View solution

Q. Is profit commission common in non-proportional treaties?

View solution

Q. What is the difference between a profit commission on an "Accounting Year" basis and an "Underwriting Year" basis?

View solution

Q. What reserves are mentioned in the profit commission statement on an "Accounting Year" basis?

View solution

Q. When are readjustment statements rendered in a profit commission on an "Underwriting Year" basis?

View solution

Q. What can be done with the outstanding liability of an "Underwriting Year" in profit commission calculations?

View solution

Q. What reserves are not included in the profit commission statement on an "Underwriting Year" basis?

View solution

Q. When does the ceding insurer prepare a statement to determine whether a treaty shows a profit or a loss?

View solution

Q. What is the purpose of aggregating the results of subsections under a treaty?

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!

Waste Water Engineering

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

Drug and Pharmaceutical Biotechnology

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

Electronics and Communication Engineering

Explore the dynamic field of Electronics and Communication Engineering with our...

Environmental Biotechnology

Discover the intersection of biology and environmental science with our Environmental...

Total Quality Management

Enhance your understanding of quality management with our Total Quality Management...

Professional Communication

Hone your communication skills with our Professional Communication category. Enhance...

Non Verbal Reasoning

Enhance your cognitive abilities with our Non-Verbal Reasoning category. Dive into...

IC 14 Regulations of Insurance Business

Prepare for the IC 14 Regulations of Insurance Business exam with our focused set of...

Tissue Engineering

Delve into the cutting-edge field of Tissue Engineering with our specialized...