Question

Under what circumstances may the registration of an Indian insurance company or insurer be suspended?

a.

Successful completion of an inquiry by the IRDA

b.

Conducting business in a manner prejudicial to the interests of policyholders

c.

Co-operating fully in any inquiry conducted by the IRDA

d.

Submission of periodic returns as required under the Insurance Act

Answer: (b).Conducting business in a manner prejudicial to the interests of policyholders Explanation:The registration of an Indian insurance company or insurer may be suspended if it conducts its business in a manner prejudicial to the interests of policyholders.

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Q. Under what circumstances may the registration of an Indian insurance company or insurer be suspended?

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