Question

What does the International Association of Insurance Supervisors (IAIS) emphasize regarding disclosures by regulated entities?

a.

Disclosures should be irrelevant and inconsistent

b.

Disclosures should be limited in scope and accessibility

c.

Disclosures should be comprehensive and meaningful

d.

Disclosures should be infrequent and unreliable

Answer: (c).Disclosures should be comprehensive and meaningful Explanation:IAIS emphasizes that disclosures by regulated entities should be relevant, timely, accessible, comprehensive, meaningful, reliable, comparable, and consistent over time.

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Q. What does the International Association of Insurance Supervisors (IAIS) emphasize regarding disclosures by regulated entities?

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