Question

What are some of the powers and functions of IRDA as specified in Section 14 of the IRDA Act, 1999?

a.

Issuing certificates of appreciation

b.

Promoting efficiency in the conduct of insurance business

c.

Levying taxes on insurance companies

d.

Specifying the code of conduct for surveyors and loss assessors

Answer: (d).Specifying the code of conduct for surveyors and loss assessors Explanation:Some of the powers and functions of IRDA include specifying the code of conduct for surveyors and loss assessors.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What are some of the powers and functions of IRDA as specified in Section 14 of the IRDA Act, 1999?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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?

Q. What does IRDA regulate concerning the investment of funds by insurance companies?

Q. What power does IRDA have in adjudicating disputes between insurers and intermediaries or insurance intermediaries?

Q. What are some examples of regulations issued by IRDA?

Q. What regulations were issued by IRDA related to health services for third-party administrators?

Q. According to the Motor Vehicles Act, 1988, what is required for a motor vehicle to be used in a public place?

Q. What does Chapter (XI) of the Motor Vehicles Act, 1988, provide for?

Q. What does the Motor Vehicles Act, 1988, mandate regarding compensation to victims of accidents?

Q. What is the purpose of constituting Motor Accidents Claims Tribunals (MACT) under the Motor Vehicles Act?

Q. According to the Motor Vehicles Act, 1988, what is the minimum compensation amount a claimant is entitled to in cases of death without proving fault on the part of the vehicle owner?

Q. Under Section 146 of the MV Act, what is the requirement for using a motor vehicle in public places?

Q. According to Section 147 of the MV Act, what must the insurance policy cover?

Q. When can an insurer be made a party to the proceedings of the Motor Accident Claims Tribunal, as per Section 149 of the MV Act?

Q. What action is an insurer bound to take if a cover note issued is not followed by a policy within the prescribed time, according to Section 147 of the MV Act?

Q. Under Section 161 of the MV Act, what liability do insurers have in hit and run cases where the identity of the vehicle cannot be ascertained?

Q. According to Section 171 of the MV Act, what authority does the Tribunal have regarding the payment of interest on the award?

Q. What time frame does Section 168 of the MV Act specify for the delivery of copies of the award to the parties concerned by the Tribunal?

Q. As per Section 168 of the MV Act, within what time frame must the person liable to satisfy the award do so?

Q. Under the Legal Services Authorities Act, 1987, what is the purpose of organising Lok Adalat?

Q. What directive did IRDA issue in December 2006 regarding motor third party insurance business?

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!