Question

What are the IRDA Regulations regarding inward reinsurance business?

a.

All life and non-life insurers in India can write inward reinsurance business from other domestic insurers and from overseas.

b.

Only life insurers in India can write inward reinsurance business from other domestic insurers.

c.

Only non-life insurers in India can write inward reinsurance business from other domestic insurers.

d.

None of the above

Answer: (a).All life and non-life insurers in India can write inward reinsurance business from other domestic insurers and from overseas. Explanation:The IRDA Regulations allow all life and non-life insurers in India to write inward reinsurance business from other domestic insurers and from overseas. This is to promote competition and to ensure that there is a wide range of options available to insurers in India.

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Q. What are the IRDA Regulations regarding inward reinsurance business?

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