Question

What does GIC's share in the pool depend on?

a.

The total motor third party insurance business

b.

Statutory cession received by GIC

c.

Gross Direct Premium underwritten in India

d.

Market share of the total insurance business

Answer: (b).Statutory cession received by GIC Explanation:GIC's share in the pool is based on the statutory cession received by it in the motor third party insurance business.

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Q. What does GIC's share in the pool depend on?

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