Q. Which legislation prescribes the format for preparing annual accounts in India?

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Q. What is required as per the Insurance Act, 1938 in relation to annual accounts?

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Q. What information is required to be monitored and maintained as per the Insurance Rules?

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Q. What information is required to be monitored and maintained as per the Insurance Rules?What is the purpose of reporting total placement to each reinsurer to the IRDA?

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Q. What is the purpose of convergence to International Financial Reporting Standards (IFRS)?

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Q. Which organization has planned the convergence of Indian accounting standards with IFRS?

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Q. What is the impact of convergence to IFRS on non-life insurance and reinsurance business?

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Q. What is the requirement of IFRS regarding the presentation of reinsurance transactions?

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Q. What disclosure requirements are required by IRDA for insurers under IFRS?

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Q. What is a major problem faced by a reinsurer when closing proportional treaty accounts?

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Q. How do reinsurers overseas typically operate non-proportional accounts?

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Q. When is a surplus normally removed from a non-proportional treaty account?

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Q. What is the practice in India regarding reserves for unexpired risks in general insurance?

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Q. How are additional reserves or catastrophic reserves typically treated in the computation of profits?

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Q. What is the maximum percentage allowed for reserves for unexpired risks in the computation of profits in general insurance companies in India?

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Q. In which of the following reinsurance commission methods will the commission payable be determined by applying the agreed percentage of commission to the premiums ceded less returns and cancellation?

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Q. Which of the following is an example of a taxation aspect in reinsurance?

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Q. What is the objective of a reinsurer over a period of years?

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Q. How does a reinsurer transfer their tax burden to the ceding insurer?

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Q. Which type of taxation is suggested as a possible solution for budget problems?

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