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

Q. Under what conditions can a license not renewed be revalidated?

View solution

Q. What certifications are required while applying for the renewal of a license?

View solution

Q. What is the primary responsibility of a surveyor and loss assessor when dealing with losses?

View solution

Q. What code of conduct is a surveyor and loss assessor expected to strictly adhere to?

View solution

Q. In the context of surveying and loss assessment, what should a surveyor declare regarding any interest in the subject-matter?

View solution

Q. What duty does a surveyor have regarding confidentiality and neutrality when dealing with losses?

View solution

Q. What responsibility does a surveyor have in relation to the causes and circumstances of the loss?

View solution

Q. What is the maximum period within which a surveyor or loss assessor should submit their report to the insurer after appointment?

View solution

Q. How can the period for submitting a surveyor's report be extended beyond 30 days?

View solution

Q. How are surveyors and loss assessors categorized?

View solution