Question

What is the role of IRDA in regulating reinsurance in India?

a.

It allows insurers to structure their reinsurance programmes as they please

b.

It approves all reinsurance placements with no one reinsurer rated as per regulations

c.

It frames rules and regulations for various aspects of the insurance business including reinsurance

d.

It provides a source of treaty reinsurance support

Answer: (c).It frames rules and regulations for various aspects of the insurance business including reinsurance Explanation:The Insurance Regulatory & Development Authority (IRDA) is vested with the authority of regulating and controlling the conduct of insurance business in India, and frames rules and regulations for various aspects of the insurance business including reinsurance.

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Q. What is the role of IRDA in regulating reinsurance in India?

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