Question

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?

a.

Within 15 days of the commencement of the financial year.

b.

Within 30 days of the commencement of the financial year.

c.

Within 45 days of the commencement of the financial year.

d.

Within 60 days of the commencement of the financial year.

Answer: (b).Within 30 days of the commencement of the financial year. Explanation:Every insurer should file with the Authority a photocopy of every reinsurance treaty slip and excess of loss cover note within 30 days of the commencement of the financial year.

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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...

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