Question

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

a.

The financial strength of the company.

b.

The number of employees in the company.

c.

Qualifications of directors or partners and absence of disqualifications.

d.

The market share of the company.

Posted under IC 14 Regulations of Insurance Business

Answer: (c).Qualifications of directors or partners and absence of disqualifications. Explanation:The IRDA considers that all directors or partners of a company or firm possess one or more of the qualifications specified in the Act and none of them suffers from any disqualifications mentioned in the Act for granting a license.

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