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PRC Practice Questions - Professional Reinsurance Certification Exam

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About this Exam

Prepare with the PRC Practice Questions - Professional Reinsurance Certification Exam practice quiz. This question bank includes 100 questions covering reinsurance, loss, treaty, risk, and catastrophe. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
What is the fundamental difference between proportional and non-proportional reinsurance?
Proportional covers property while non-proportional covers liability
In proportional the reinsurer shares premium and losses in a fixed ratio; in non-proportional the reinsurer pays only losses above an attachment point
Proportional is always treaty and non-proportional is always facultative
Non-proportional reinsurance does not require a ceding commission because there is no shared premium
Question 2
A cedent places a 40% quota share treaty. The treaty has a ceding commission of 30%. Subject premium is $10,000,000 and incurred losses are $4,500,000. What is the reinsurer's net underwriting result before expenses?
Profit of $400,000
Profit of $1,200,000
Loss of $300,000
Loss of $500,000
Question 3
In a surplus share treaty, how is the reinsurer's participation on any given risk determined?
By a fixed percentage set for every policy in the treaty
By the cedent's retention line; the reinsurer takes the excess over the retention, up to the treaty's line limit
By the losses incurred in the prior year
By the reinsurer's own capital base
Question 4
Which reinsurance structure is most commonly used to protect a cedent against an unforeseen accumulation of losses from a single catastrophic event?
Quota share treaty
Per-risk excess of loss
Per-occurrence (catastrophe) excess of loss
Facultative proportional
Question 5
What is clash reinsurance?
Reinsurance that automatically replaces expired limits on the original treaty
A non-proportional casualty structure that responds when two or more of the cedent's policies are involved in the same occurrence
A dispute resolution treaty between two reinsurers
A facultative placement that overlaps with an existing treaty

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Additional Information

PRC Practice Questions - Professional Reinsurance Certification Exam

This practice set contains 100 questions from the matching question bank and focuses on reinsurance, loss, treaty, risk, and catastrophe. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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