Question

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

a.

Based on the insurer's preference

b.

According to the insurer's internal policies

c.

As per the guidelines issued under IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2000

d.

As per the insurer's financial advisors' recommendations

Answer: (c).As per the guidelines issued under IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2000 Explanation:The accounting of investments should be as per the guidelines issued under IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2000.

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

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