Q. When should premium reserve for unexpired risks be created?

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Q. How should acquisition costs be accounted for?

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Q. What does the liability for outstanding claims include?

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Q. What should the accounting estimates for claims cost include?

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Q. How are loans typically measured?

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Q. When should a Catastrophe Reserve be created?

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Q. Which of the following are important accounting functions in a general insurance company?

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Q. Why is accurate claims reserving crucial for insurers?

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Q. Who are the stakeholders with varied interests in insurance reserving?

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Q. What are the two main sets of reserves in insurance?

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Q. At what level is the process of claims reserving carried out?

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Q. Which two basic investment theories do insurance companies typically follow?

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Q. How does Insurance Accounting differ from accounting in other industries?

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Q. Reserves for unexpired risks come under the heading of which of the following?

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Q. IBNR stands for what?

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Q. Insurers invest in fundamentally different way Asset Liability Management and __________

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Q. General Accounting must be in line with which of the following?

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Q. Mentioned below are some insurance company stakeholders. Which is the odd one out?

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Q. If a policy is taken out on June 1st and the Financial Year starts on 1st April; the unearned premium reserve is _________

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Q. As per premium investment guidelines by IRDA, investment in Central Government Securities should not be less than _____________

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