Question

Which regulatory regulations require the inclusion of add-on covers or riders in an insurance prospectus?

a.

Federal Aviation Administration ( FAA )

b.

Environmental Protection Agency ( EPA )

c.

Insurance Regulatory and Development Authority of India (IRDAI)

d.

Federal Communications Commission ( FCC )

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 require insurance prospectuses to include information about add-on covers or riders offered on insurance products.

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Q. Which regulatory regulations require the inclusion of add-on covers or riders in an insurance prospectus?
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