Question
a.
Only if there is a legal obligation
b.
When there is a potential conflict of interest that could materially affect the interests of any party
c.
Only if the surveyor decides it is necessary
d.
When instructed by the insurer
Posted under IC 14 Regulations of Insurance Business
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. According to the Code of Conduct, when should a surveyor and loss assessor disclose their appointment?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is the responsibility of a surveyor and loss assessor regarding confidentiality?
View solution
Q. What does practical training for a surveyor and loss assessor involve?
View solution
Q. What is required for a surveyor and loss assessor to obtain a license for a specific area?
View solution
Q. What may the IRDA prescribe for obtaining a license under Regulation 3?
View solution
Q. What is the responsibility of a licensed surveyor and loss assessor regarding submission of returns?
View solution
Q. What authority does the IRDA have regarding inspection of survey work and books of surveyors and loss assessors?
View solution
Q. What is a "Composite Insurance Agent"?
View solution
Q. What is the minimum qualification required to become an insurance agent in areas with a population of 5,000 people or more?
View solution
Q. What functions are included in the scope of brokers that go beyond corporate or individual agents?
View solution
Q. What is the minimum capital requirement for a direct broker, reinsurance broker, and composite broker?
View solution
Q. How long is a license issued to an insurance agent valid?
View solution
Q. Is there a ceiling on the proportion of business that insurance brokers and corporate agents can obtain from a single organization or person?
View solution
Q. Which entities are required to maintain an "Insurance Bank Account' and a professional indemnity insurance cover?
View solution
Q. Is it mandatory for every life insurer operating in India to have a programme of reinsurance for lives covered by them?
View solution
Q. What is the policy regarding the maximum retention for general insurers?
View solution
Q. Under what circumstances does the IRDA have the power to ask a General Insurer to justify its retention policy?
View solution
Q. What is the requirement for general insurers in terms of outstanding claims provision for reinsurance arrangements?
View solution
Q. What provision is required to be made by every general insurer for Incurred But Not Reported (IBNR) claims on the reinsurance accepted portfolio?
View solution
Q. In the case of insurance (individual) agent, the agents licence is granted / renewed for a period of ________ years.
View solution
Q. What is the fee charged by the Authority to issue a duplicate copy of licence to Corporate Agents?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
