Question

What is the purpose of the Insurance Regulatory and Development Authority (Investment) Regulations 2000?

a.

To promote competition among insurance companies

b.

To protect the interests of policyholders' funds and interests

c.

To regulate premium rates

d.

To establish new insurance companies

Answer: (b).To protect the interests of policyholders' funds and interests Explanation:The purpose of the Insurance Regulatory and Development Authority (Investment) Regulations 2000 is to protect the interests of policyholders' funds and interests.

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Q. What is the purpose of the Insurance Regulatory and Development Authority (Investment) Regulations 2000?

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