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

View solution

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?

View solution

Q. What is the requirement regarding the maintenance of retention by general insurers according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. What may the Authority require an insurer to justify regarding its retention policy according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. What does every insurer need to cede according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. What is the requirement for the credit rating of reinsurers chosen by the insurer, as per the IRDA (Life Insurance – Reinsurance Regulations) 2000?

View solution

Q. Under what conditions can an insurer place reinsurance business with a reinsurer without prior approval from the Authority, according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

View solution

Q. What is the condition for a life insurer to have a reinsurance treaty arrangement with its promoter company or its associate/group company according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

View solution

Q. What information should every insurer submit to the Authority regarding its reinsurance transactions, according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. What is the timeframe for every insurer to file reinsurance treaty slips and excess of loss cover notes with the Authority, according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. What is the minimum rating required for reinsurers outside India, as per the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. When can insurers place reinsurance with other reinsurers without requiring the approval of the Authority, according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. What is the limit for placing surplus over and above domestic reinsurance arrangements with any one reinsurer, as per the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. Under what conditions can an insurer place a share exceeding the specified limit with a particular reinsurer, according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. According to the IRDA (General Insurance – Reinsurance Regulations) 2000, what percentage of obligatory cessions received by the Indian Reinsurer must be retroceded to ceding insurers, and what is the maximum overriding commission allowed?

View solution

Q. What opportunity must every insurer offer to other Indian insurers, including the Indian Reinsurer, according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. What information must every insurer submit to the Authority, as per the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. According to the Life Insurance and General Insurance Reinsurance Regulations, what is the requirement for insurers wanting to write inward reinsurance business regarding underwriting policy?

View solution

Q. Who should make decisions on the acceptance of reinsurance business, according to the Life Insurance and General Insurance Reinsurance Regulations?

View solution

Q. How often must insurers file changes to their underwriting policy with the Authority, as per the Life Insurance and General Insurance Reinsurance Regulations?

View solution