Question

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

a.

It should be filed 30 days before the commencement of each financial year.

b.

It should be filed at least 60 days before the commencement of each financial year.

c.

It should be filed at least 45 days before the commencement of each financial year.

d.

It should be filed within the first quarter of each financial year.

Answer: (c).It should be filed at least 45 days before the commencement of each financial year. Explanation:The reinsurance programme for life insurers should be filed at least 45 days before the commencement of each financial year.

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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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