Question

How should an insurance company disclose the extent of premium income recognized based on varying risk patterns, category-wise?

a.

No disclosure is required for premium income recognition

b.

Disclose only the total premium income without details

c.

Disclose the extent of premium income recognized based on varying risk patterns, category-wise, with basis and justification

d.

Disclose only the percentage of premium income recognized

Answer: (c).Disclose the extent of premium income recognized based on varying risk patterns, category-wise, with basis and justification Explanation:The insurance company should disclose the extent of premium income recognized based on varying risk patterns, category-wise, with basis and justification.

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Q. How should an insurance company disclose the extent of premium income recognized based on varying risk patterns, category-wise?

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