Risk Indian Chapter 2

Which of the following least likely represent the objective of IRDAI?

Which of the following statement best describe the purpose of Corporate Governance Guidelines for Insurers in India – 2016?

Is the statement made below correct? Statement A Only insurance companies expected to perform and function under the aegis of the rules framed by IRDAI. Statement B IRDAI serves as an industry watch-dog for regulating and promoting the insurance and reinsurance industries in India.

Which of the following is least likely a function of Tariff Advisory Committee?

Which of the following correctly represent the mission of insurance council?

The statement made below most likely represent the function of: “It acts as sole point for the whole insurance industry data provide benchmark rates for the industry and provide the mandated inputs for policy analysis and insurance industry development activities.”

If a person has complaints regarding an insurer such as non-issuance of insurance documents to policyholders after receipt of premium delay in settlement of claims dispute on the legal construction of the policies etc. He may go to:

“—-for the purpose of promoting insurance education and training to people working or intending to work in the insurance sector. It is a professional institute devoted mainly for insurance-related education.