Question
a.
Compensation paid by the insurer
b.
Consideration paid by the insured
c.
Financial loss of the insurer
d.
Defined amount of money provided by the insured
Posted under IC 14 Regulations of Insurance Business
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is premium in the context of insurance?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Who is an insured in the insurance context?
View solution
Q. What is the purpose of the Insurance Regulatory and Development Authority (IRDA), as stated in the Preamble of the IRDA Act, 1999?
View solution
Q. How did the IRDA Act impact existing legislation such as the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the General Insurance Business (Nationalisation) Act, 1972?
View solution
Q. What are the main objectives of the IRDA?
View solution
Q. How is a regulator defined?
View solution
Q. What is the composition of the Insurance Regulatory and Development Authority (IRDA)?
View solution
Q. How are the members of the IRDA appointed?
View solution
Q. What are the full-time members of the IRDA?
View solution
Q. Where is IRDA situated, and what is its website address?
View solution
Q. What is one of the purposes of forming the IRDA,?
View solution
Q. What is the objective of ensuring speedy settlement of genuine claims?
View solution
Q. What powers and functions does Section 14 of the IRDA Act, 1999 specify for IRDA?
View solution
Q. What does IRDA have the duty to regulate, promote, and ensure, according to Section 14 of the IRDA Act, 1999?
View solution
Q. What are some of the powers and functions of IRDA as specified in Section 14 of the IRDA Act, 1999?
View solution
Q. What is one of the duties of IRDA concerning the rates, advantages, terms, and conditions offered by insurers in respect of general insurance business?
View solution
Q. What does IRDA regulate concerning the investment of funds by insurance companies?
View solution
Q. What power does IRDA have in adjudicating disputes between insurers and intermediaries or insurance intermediaries?
View solution
Q. What are some examples of regulations issued by IRDA?
View solution
Q. What regulations were issued by IRDA related to health services for third-party administrators?
View solution
Q. According to the Motor Vehicles Act, 1988, what is required for a motor vehicle to be used in a public place?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!