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ABA CTFA Practice Test - Questions Answers, Page 47

List of questions

Question 461

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The arrangements by which pools manage separate accounts for each pool member from which the losses of that member are paid is called:

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Question 462

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The private pools can fall in which two categories:

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Question 463

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Risk retention group is:

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Question 464

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Insurance agents act as contractors in groups who express one or more entity with express authority to act for the entity in dealing with insured.

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Question 465

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The methods used for the premium rates establishment are:

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Question 466

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Spreading of risks among insurance entities is called:

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Question 467

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The entity transferring the risk is called the ceding entity and the entity to which the risk is transferred is called the assuming entity.

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Question 468

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What is applied to the sale of all or a block of an entity's insurance in force of another entity?

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Question 469

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When no tax deductions are allowed if risks are not transferred, whereas premiums paid to insurers are tax deductible, this leads to the formation of:

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Question 470

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Insurance entities establish ___________ to investigate and settle some or all of the claims of the member companies.

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