Question

Which regulatory authority mandates the inclusion of Section 41 in an insurance prospectus to prohibit certain inducements?

a.

Federal Reserve

b.

Insurance Regulatory and Development Authority of India (IRDAI)

c.

Environmental Protection Agency ( EPA )

d.

Federal Communications Commission ( FCC )

Answer: (b).Insurance Regulatory and Development Authority of India (IRDAI) Explanation:The Insurance Regulatory and Development Authority of India (IRDAI) mandates the inclusion of Section 41 in an insurance prospectus to prohibit certain inducements.

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Q. Which regulatory authority mandates the inclusion of Section 41 in an insurance prospectus to prohibit certain inducements?

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