Question

Which of the following is a duty of the IRDA?

i. Protection of the interests of the policyholders in matters concerning assigning of policy, nomination by policyholders, insurable interest, settlement of insurance claim, surrender value of policy and other terms and conditions of contracts of insurance.
ii. Specifying requisite qualifications, code of conduct and practical training for intermediary or insurance intermediaries and agents.
iii. Specifying the code of conduct for surveyors and loss assessors.

a.

Only i. and ii.

b.

Only ii. and iii.

c.

All of the above

d.

None of the above.

Answer: (c).All of the above Explanation:All are the duties of IRDA according to Section 14 of the IRDA Act.

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Q. Which of the following is a duty of the IRDA? i. Protection of the interests of the policyholders in matters concerning assigning of policy, nomination by policyholders,...

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