Question

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

a.

It cannot suggest any changes to the programme.

b.

It can suggest changes, and the insurer must incorporate them immediately.

c.

It can reject the programme.

d.

It can ignore the filed programme.

Answer: (b).It can suggest changes, and the insurer must incorporate them immediately. Explanation:The Authority can suggest changes to the reinsurance programme, and the insurer must incorporate those changes immediately.

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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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