Question

What is one of the main aims of insurance regulators?

a.

To ensure that insurers always have a sufficient margin of assets over estimated liabilities appropriate to the business that they conduct.

b.

To increase the income from investment.

c.

To reduce the risk associated with catastrophic events.

d.

To reduce the need for reinsurance.

Posted under IC85 Reinsurance Management

Answer: (a).To ensure that insurers always have a sufficient margin of assets over estimated liabilities appropriate to the business that they conduct. Explanation:One of the main aims of insurance regulators is to ensure that insurers always have a sufficient margin of assets over estimated liabilities appropriate to the business that they conduct.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is one of the main aims of insurance regulators?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is reinsurance?

View solution

Q. What is the technical risk in reinsurance?

View solution

Q. What is the contractual risk in reinsurance?

View solution

Q. What is the "Follow the Fortunes" clause in reinsurance?

View solution

Q. Which of the following can increase the risk run by the reinsurer?

View solution

Q. What is moral hazard in reinsurance?

View solution

Q. What is the responsibility of reinsurers in regard to rate of exchange risk?

View solution

Q. What task is one of the most important and most delicate tasks of the reinsurer?

View solution

Q. How does inflation affect technical statistics in insurance?

View solution

Q. What can affect the payment of foreign exchange and cash calls in reinsurance?

View solution

Q. What is the primary reason why reinsurers assume no responsibility for rate of exchange risk?

View solution

Q. Which of the following risks does inflation pose to reinsurance operations?

View solution

Q. What is the impact of special and unrealistic exchange controls on reinsurance operations?

View solution

Q. Why is the acquisition and underwriting results of a reinsurance insurer directly dependent on its quality?

View solution

Q. What is the principle on which the relationship between the insurer and reinsurer is based?

View solution

Q. Which type of reinsurance is based on the principle of "Uberrima fides"?

View solution

Q. What is the meaning of the term "Uberrima fides"?

View solution

Q. What happens when the ceding insurer is in financial difficulties or insolvent?

View solution

Q. What risks does the reinsurer run by granting cover to as many companies as possible?

View solution

Q. What is the principle that the relation between insurer and reinsurer is based on?

View solution
View All MCQs on IC85 Reinsurance Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Logical Reasoning

Enhance your logical thinking and decision-making abilities with our Logical...

Fluid Mechanics

Unlock the mysteries of fluids and their behavior with our Fluid Mechanics category....

Sociology

Gain insights into human behavior and society with our Sociology category. Explore...

Power Plant Engineering

Embark on a journey through the fascinating domain of Power Plant Engineering, where...

Verbal Ability

Hone your language and communication skills with our Verbal Ability category. Enhance...

IC 92 Actuarial Aspects of Product Development

Sharpen your understanding of actuarial principles in product development with our...

Marketing and Marketing Management

Uncover the strategies and tactics of marketing with our Marketing and Marketing...

IC90 Human Resource Management

Prepare for success in the Insurance Institute of India (III) examination with IC90...

General Knowledge

Expand your horizons and stay informed about the world with our General Knowledge...