Question

What details should be included in the reports to be placed before the Board's Audit Committee?

a.

Investment Policy and its implementation status

b.

Investment Risk Management Systems and Process review

c.

Impact on investment operations, systems, and processes

d.

All of the above

Answer: (d).All of the above Explanation:The reports should include details such as Investment Policy, its implementation status, Investment Risk Management Systems and Process review, and the impact on investment operations, systems, and processes.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What details should be included in the reports to be placed before the Board's Audit Committee?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What category of investments is an insurer expected to invest in?

Q. How should the accounting of investments be conducted according to Regulation 14(a)?

Q. What authority does the IRDA have in modifying or changing regulations for insurers?

Q. What is the scope of dealing in financial derivatives for insurers according to Regulation 15(a)?

Q. How should margins or unamortized premiums paid in connection with financial derivatives be treated as per Regulation 15(b)?

Q. Which of the following is NOT considered an Approved Investment for Life Insurers?

Q. What additional investments are deemed as approved by the Authority for Life Insurers under Section 27A of the Act?

Q. Under what conditions are bonds or debentures issued by companies considered "Approved Investments" for Life Insurers?

Q. What is the significance of deposits with banks for Life Insurers?

Q. What types of securities are considered approved investments for General Insurance Companies under sec. 27B(1)?

Q. Which type of investments are excluded as approved investments for General Insurance Companies under sec. 27B(1)?

Q. What is the significance of Commercial Papers for General Insurance Companies?

Q. What type of deposits are considered approved investments for both Life and General Insurance Companies under the regulations?

Q. What is the significance of the LIC Act 1956 regarding investment caps for LIC (Life Insurance Corporation of India)?

Q. What change has the government approved regarding LIC's investment cap?

Q. How long is the tenure of the Reliance Infrastructure NCOs in which LIC invested?

Q. What type of investment opportunity do NCDs provide for debt investors like LIC?

Q. What competitive advantage do issuers have when offering NCDs to LIC?

Q. What is the maximum allowable exposure to venture funds and AIFs combined for a life insurance company?

Q. What is the minimum percentage of Category II AIFs that should be invested in infrastructure entities, SME entities, venture capital undertakings, or social venture entities?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!