Question

Which of the following is not true about the regulations regarding reinsurers in India?

a.

Reinsurers cannot do direct insurance business like a direct insurance company.

b.

Reinsurers cannot receive and process life insurance applications from the applicants directly.

c.

The IRDA has a clear set of guidelines for the reinsurers that include the objectives and the scope of their business in India.

d.

Reinsurers can do direct insurance business like a direct insurance company.

Posted under IC22 Life Insurance Underwriting

Answer: (d).Reinsurers can do direct insurance business like a direct insurance company. Explanation:The Indian regulations specify that a reinsurer cannot do direct insurance business like a direct insurance company, i.e. the reinsurer cannot receive and process life insurance applications from the applicants directly like the direct insurer.

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Q. Which of the following is not true about the regulations regarding reinsurers in India?
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