Question
a.
Premium accounting
b.
Commission / brokerage accounting
c.
Claims accounting
d.
All of the above
Posted under IC 14 Regulations of Insurance Business
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Which of the following are important accounting functions in a general insurance company?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Why is accurate claims reserving crucial for insurers?
View solution
Q. Who are the stakeholders with varied interests in insurance reserving?
View solution
Q. What are the two main sets of reserves in insurance?
View solution
Q. At what level is the process of claims reserving carried out?
View solution
Q. Which two basic investment theories do insurance companies typically follow?
View solution
Q. How does Insurance Accounting differ from accounting in other industries?
View solution
Q. Reserves for unexpired risks come under the heading of which of the following?
View solution
Q. IBNR stands for what?
View solution
Q. Insurers invest in fundamentally different way Asset Liability Management and __________
View solution
Q. General Accounting must be in line with which of the following?
View solution
Q. Mentioned below are some insurance company stakeholders. Which is the odd one out?
View solution
Q. If a policy is taken out on June 1st and the Financial Year starts on 1st April; the unearned premium reserve is _________
View solution
Q. As per premium investment guidelines by IRDA, investment in Central Government Securities should not be less than _____________
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? 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!