Question

Who is responsible for regulating and controlling the conduct of insurance business in India?

a.

IRDA

b.

GIC Re

c.

Standard and Poor

d.

None of the above

Posted under IC85 Reinsurance Management

Answer: (a).IRDA Explanation:As a part of the process of liberalisation of the insurance industry in India, the Insurance Regulatory & Development Authority (IRDA) is vested with the authority of regulating and controlling the conduct of insurance business in India.

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