v$1.$ How does rate making, or the pricing of insurance, differ from the pricing of other products?

$2.$ a$.$ Define the meaning of underwriting.

b$.$ Briefly explain the basic principles of underwriting.

c$.$ Identify the major sources of information available to underwriters.

$3.$ Briefly describe the sales and marketing activities of insurers.

$4.$ Explain the basic objectives in the settlement of claims.

$5.$ Describe the steps involved in the settlement of a claim.

$6.$ Briefly describe the role of the following in adjusting claims:

a$.$ Agents

b$.$ Staff claims representatives

c$.$ Independent adjusters

d$.$ Public adjusters

$7.$ a$.$ What is the meaning of reinsurance?

b$.$ Briefly explain the reasons for reinsurance.

c$.$ Explain the meaning of $$securitization of risk.$$

$8.$ Distinguish between facultative reinsurance and treaty reinsurance.

$9.$ Briefly explain the following types of reinsurance methods for sharing losses:

a$.$ Quota$-$share treaty

b$.$ Surplus$-$share treaty

c$.$ Excess$-$of$-$loss reinsurance

d$.$ Reinsurance pool

$10.$ Briefly describe the following insurance company operations:

a$.$ Information systems

b$.$ Accounting

c$.$ Legal services

d$.$ Loss control