Question
a.
Insurers are not required to make outstanding claims provisions.
b.
Provisions are only required for reinsurance arrangements received from Brokers.
c.
Provisions are required for every reinsurance arrangement, either based on loss information advices or actuarial estimation.
d.
Provisions are only required for reinsurance arrangements where loss information advices are not received.
Posted under IC 14 Regulations of Insurance Business
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Q. What is the requirement for insurers regarding outstanding claims provisions under the IRDA (General Insurance – Reinsurance Regulations) 2000?
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