Q. What may the IRDA prescribe for obtaining a license under Regulation 3?

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Q. What is the responsibility of a licensed surveyor and loss assessor regarding submission of returns?

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Q. What authority does the IRDA have regarding inspection of survey work and books of surveyors and loss assessors?

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Q. What is a "Composite Insurance Agent"?

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Q. What is the minimum qualification required to become an insurance agent in areas with a population of 5,000 people or more?

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Q. What functions are included in the scope of brokers that go beyond corporate or individual agents?

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Q. What is the minimum capital requirement for a direct broker, reinsurance broker, and composite broker?

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Q. How long is a license issued to an insurance agent valid?

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Q. Is there a ceiling on the proportion of business that insurance brokers and corporate agents can obtain from a single organization or person?

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Q. Which entities are required to maintain an "Insurance Bank Account' and a professional indemnity insurance cover?

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Q. Is it mandatory for every life insurer operating in India to have a programme of reinsurance for lives covered by them?

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Q. What is the policy regarding the maximum retention for general insurers?

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Q. Under what circumstances does the IRDA have the power to ask a General Insurer to justify its retention policy?

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Q. What is the requirement for general insurers in terms of outstanding claims provision for reinsurance arrangements?

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Q. What provision is required to be made by every general insurer for Incurred But Not Reported (IBNR) claims on the reinsurance accepted portfolio?

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Q. In the case of insurance (individual) agent, the agents licence is granted / renewed for a period of ________ years.

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Q. What is the fee charged by the Authority to issue a duplicate copy of licence to Corporate Agents?

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Q. Which of the following is not a fundamental objective of reinsurance of life and non-life insurances?

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Q. Which of the following describes a reinsurance broker?

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Q. What the minimum qualification that the applicant for an insurance agent is required to possess for the areas that have a population of less than 5,000?

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