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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Q. Fill in the blank by choosing the correct option. In the case of an insurance broker, the Principal Officer and persons soliciting and procuring business are required to undergo at least _________ hours of theoretical and practical training from an institution recognized by the Authority.

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