Question

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

a.

No authority

b.

Authority to modify or change only on its own initiative

c.

Authority to modify or change only on application by insurers

d.

Authority to modify or change on its own or on application made to it

Answer: (d).Authority to modify or change on its own or on application made to it Explanation:The IRDA may, by any general or special order, modify or change the application of certain regulations to any insurer either on its own or on an application made to it.

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

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