Question

What type of information is required to be submitted by insurers to the Authority according to Regulation 10?

a.

Investment portfolio details

b.

Internal and concurrent audit reports

c.

Policyholder benefits status

d.

Market analysis reports

Posted under IC 89 Management Accounting

Answer: (b).Internal and concurrent audit reports Explanation:According to Regulation 10, insurers are required to submit the Internal/Concurrent Audit Report of the previous quarter with comments of the Audit Committee of the Board on various serious and serious points, along with the status of implementation of Audit Committee recommendations.

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Q. What type of information is required to be submitted by insurers to the Authority according to Regulation 10?
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