Question

According to ICP 26 of IAIS, what does the supervisory authority require insurers to do regarding disclosure?

a.

Disclose all internal policies

b.

Disclose information irrelevant to stakeholders

c.

Disclose relevant information on a timely basis to give stakeholders a clear view of business activities and financial position

d.

Disclose only financial performance metrics

Answer: (c).Disclose relevant information on a timely basis to give stakeholders a clear view of business activities and financial position Explanation:ICP 26 of IAIS requires insurers to disclose relevant information on a timely basis to give stakeholders a clear view of their business activities and financial position.

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Q. According to ICP 26 of IAIS, what does the supervisory authority require insurers to do regarding disclosure?

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