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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What types of risks are associated with investments?

View solution

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

View solution

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

View solution

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

View solution

Q. What is the purpose of the Authority Matrix?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What are Government Securities also known as?

View solution

Q. What are the three types of Tax Benefits associated with investments?

View solution