Question
a.
Monthly statements of foreign currency accounts maintained abroad
b.
Monthly statements of remittances made and remittances received
c.
Quarterly statements of foreign currency accounts maintained abroad
d.
Quarterly statements of remittances made and remittances received
Posted under IC85 Reinsurance Management
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Which statements are required to be submitted periodically to the Reserve Bank of India by insurers in India?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Which statement is required to be submitted annually to the Reserve Bank of India by insurers in India?
View solution
Q. In India, which of the following Acts governs the law and regulation relating to use of foreign exchange in respect of insurance and reinsurance transactions overseas?
View solution
Q. What aspects is reinsurance accounting comprehensively connected with?
View solution
Q. How is reinsurance commission typically expressed?
View solution
Q. What is overriding commission in reinsurance?
View solution
Q. How is the percentage of brokerage payable in reinsurance determined?
View solution
Q. What is profit commission in reinsurance?
View solution
Q. Which country levies a Service Tax of 5% on direct premium?
View solution
Q. What law and regulation govern the use of foreign exchange in respect of insurance and reinsurance transactions overseas in India?
View solution
Q. Who reviews and approves the reinsurance arrangements of the GIC Re?
View solution
Q. Which regulatory authority grants permission to GIC Re as an authorized dealer to arrange remittances of foreign exchange for reinsurance arrangements?
View solution
Q. Which of the following reinsurance commission method is used to calculate the rate of commission based on the loss ratio of the treaty during any one treaty year or during any one underwriting year?
View solution
Q. Which of the following reinsurance commission method is used to calculate the rate of commission based on the loss ratio of the treaty during any one treaty year or during any one underwriting year?____________ is an additional percentage payable to a ceding insurer on profitable treaties in accordance with an agreed formula.
View solution
Q. When a reinsurer receives business as an inward retrocession, the reinsurer will allow the ceding insurer _____________ over and above any share of the original commission that he may pay.
View solution
Q. For which of the following types of business will the accounting be rendered on an ‘Underwriting Year’ basis?
View solution
Q. Which of the following formulae is correct?
View solution
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!
