Question

What does Regulation 12 pertain to?

a.

Returns to be submitted by insurers

b.

Additional information required from insurers

c.

Duty to report extraordinary events in the investment portfolio

d.

Regulatory provisions for investments of insurance companies

Posted under IC 89 Management Accounting

Answer: (c).Duty to report extraordinary events in the investment portfolio Explanation:Regulation 12 mandates that every insurer shall report to the Authority forthwith the effect or the probable effect of any event coming to his knowledge, which could have a material adverse impact on the investment portfolio and consequently on the security of policyholder benefits or expectations.

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Q. What does Regulation 12 pertain to?
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