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

Q. What is the requirement for insurers regarding outstanding claims provisions under the IRDA (General Insurance – Reinsurance Regulations) 2000?

View solution

Q. Before being notified as a National Reinsurer, what role did General Insurance Corporation of India (GIC) play in the Indian insurance market?

View solution

Q. What is the role of GIC (General Insurance Corporation of India) after deregulation in the insurance market?

View solution

Q. What does GIC (General Insurance Corporation of India) manage on behalf of the market?

View solution

Q. What guidelines are mentioned for brokers regarding the placement of Facultative Reinsurance and Treaty or Excess of Loss Reinsurance?

View solution

Q. What is the primary role of surveyors in the insurance claim settlement process?

View solution

Q. What is the relationship between surveyors and insurance companies?

View solution

Q. What is the licensing procedure for individuals intending to act as surveyors and loss assessors in general insurance business?

View solution

Q. How long is a surveyor's license valid from the date of issue, unless cancelled earlier?

View solution

Q. If a surveyor's license has been cancelled or suspended, when can the individual submit a new application for issuance of a license?

View solution

Q. What criteria does the IRDA consider for granting a license to corporate surveyors and loss assessors?

View solution

Q. What is the renewal procedure for an insurance surveyor and loss assessor's license?

View solution

Q. How long is a renewed license valid from the date of renewal, unless cancelled earlier?

View solution