Question

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

a.

They are excluded as approved investments.

b.

They are considered approved investments only if issued by All India Financial Institutions.

c.

They are considered approved investments if issued by a company or All India Financial Institution with the highest credit rating.

d.

They are treated as "Other than Approved Investments."

Answer: (c).They are considered approved investments if issued by a company or All India Financial Institution with the highest credit rating. Explanation:Commercial Papers issued by a company or All India Financial Institution with the highest credit rating are considered Approved Investments for General Insurance Companies.

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

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