Question

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

a.

Only the names of reinsurers.

b.

Statistics related to reinsurance transactions in forms specified by the Authority.

c.

Annual premium income.

d.

Only the details of excess of loss cover notes.

Answer: (b).Statistics related to reinsurance transactions in forms specified by the Authority. Explanation:Every insurer should submit to the Authority statistics relating to its reinsurance transactions in forms specified by the Authority, together with its annual accounts.

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

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