Question

What is the role of the Insurance Regulatory and Development Authority of India (IRDAI)?

a.

To regulate the conduct of insurance companies

b.

To nationalize insurance companies

c.

To establish Indian insurance companies

d.

To pass insurance legislation

Answer: (a).To regulate the conduct of insurance companies Explanation:The IRDAI is a statutory regulatory body for the insurance industry in India and is responsible for regulating the conduct of insurance companies.

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Q. What is the role of the Insurance Regulatory and Development Authority of India (IRDAI)?

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