Question

Which regulatory body's regulations require a prospectus to include specific information about insurance products?

a.

Federal Trade Commission (FTC)

b.

Securities and Exchange Commission (SEC)

c.

Insurance Regulatory and Development Authority of India (IRDAI)

d.

Consumer Financial Protection Bureau (CFPB)

Posted under IC38 Life Insurance Agent Exam

Answer: (c).Insurance Regulatory and Development Authority of India (IRDAI) Explanation:The Insurance Regulatory and Development Authority of India (IRDAI) regulations mandate that a prospectus for insurance products must contain specific information to help prospective policyholders make informed decisions.

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Q. Which regulatory body's regulations require a prospectus to include specific information about insurance products?
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