Q. What condition may result in the IRDA canceling the registration of an insurer as a penalty?

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Q. Under what circumstances can the IRDA cancel an insurer's registration at its discretion?

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Q. What may lead to the cancellation of an insurer's registration if the Central Government of India directs?

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Q. What happens to the insurer's rights and liabilities in existing contracts after the cancellation of registration?

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Q. What action can the Authority take after the cancellation of registration if the insurer's affairs are not wound up?

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Q. What conditions must an insurer fulfill within six months for the Authority to consider reviving registration after cancellation?

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Q. What is one of the conditions for the revival of an insurer's registration after cancellation?

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Q. What is the primary purpose of reinsurance?

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Q. Why do insurance companies engage in reinsurance?

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Q. What type of risks do reinsurance contracts primarily deal with?

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Q. What are the fundamental objectives of reinsurance?

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Q. What is a subtle difference between life and general insurance regarding reinsurance?

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Q. What does IBNR stand for in the insurance context?

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Q. How do insurance companies handle IBNR?

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Q. What is the primary purpose of the Reinsurance Programme for general insurance?

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Q. According to the General Insurance Reinsurance Regulations, what is one objective of the Reinsurance Programme?

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Q. What is the common objective shared by both Life and General Reinsurance Regulations?

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Q. What is the requirement regarding the filing of the reinsurance programme by life insurers according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. Who certifies the profile of the reinsurance programme for life insurers according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. What action can the Authority take regarding the reinsurance programme filed by a life insurer as per the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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