Q. What is the recommended reporting structure for the Investment Department in an insurance company?

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Q. How is data transfer between Front Office and Back Office recommended to be carried out?

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Q. What is emphasized regarding the integration of multiple Data-Entry Systems in investment functions?

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Q. What role does the Chief Financial Officer (CFO) play in the reporting structure of the investment department?

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Q. What is the purpose of the Authority Matrix?

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Q. What is the purpose of the Maker/Checker procedure?

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Q. What is the role of the Cash Management System (CMS) in managing liquidity risks?

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Q. What is the purpose of the System in monitoring and controlling Inter Fund Transfer transactions?

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Q. What types of risks are associated with investments?

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Q. What is the significance of the System capturing and considering Instrument Ratings?

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Q. Why is the periodic credit review necessary for investee companies?

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Q. What role does the System play in compliance with regulatory requirements?

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Q. What is the purpose of the facility to upload transactions like Stock Splits, Dividend Receipts, etc., in the System?

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Q. What is the significance of maintaining NAV history in the system?

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Q. How often should major expenses like management fees be accrued for computation of NAV?

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Q. What is the regulatory requirement for insurers with Asset under Management (AUM) not exceeding Rs. 1000 crores regarding internal audit of investments?

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Q. What is the role of the Audit Committee in the internal audit process?

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Q. What is the requirement for reconciliation in the case of ULIP products for life insurers?

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Q. In what manner are shareholders' funds beyond the Solvency Margin treated in terms of investment?

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Q. When should the insurer confirm the implementation of Internal/Concurrent Audit observations to the Authority?

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