Question
a.
Provide coverage only to urban areas
b.
Comply with obligations only in the first three financial years
c.
Undertake obligations pertaining to the persons in rural and urban areas
d.
Only focus on economically vulnerable classes
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. What obligations must every insurer, who begins to carry on insurance business after the commencement of the Insurance Regulatory and Development Authority Act, 1999, ensure during...
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What provision is made for insurance companies commencing operations in the second half of the financial year, as per the regulations?
View solution
Q. What percentage of rural sector obligations is applicable for a life insurer in the second financial year, as per the regulations?
View solution
Q. What is the percentage of social sector obligations for all insurers in the fourth financial year?
View solution
Q. What does the term "proportionate percentage" mean in the context of the first financial year for social sector obligations?
View solution
Q. What additional obligation is specified for a general insurer in the context of the social sector?
View solution
Q. How often may the IRDA prescribe or revise the obligations as specified in the Regulation?
View solution
Q. What is the percentage of rural sector obligations for a general insurer in the eighth financial year?
View solution
Q. What is the obligation for all insurers in the tenth financial year in the social sector?
View solution
Q. What percentage of total policies written direct is required for a life insurer in the tenth financial year for rural sector obligations?
View solution
Q. What percentage of total policies written direct is required for a life insurer in the financial year 2008-09 for rural sector obligations?
View solution
Q. What is the percentage of rural sector obligations for general insurers in the financial year 2008-09?
View solution
Q. What is the basis for calculating compliance with rural sector obligations for both general and life companies?
View solution
Q. How are social sector obligations determined for general insurers in the financial year 2008-09?
View solution
Q. Is re-insurance premium included while calculating the obligations of insurers for the rural and social sectors?
View solution
Q. Who has the authority to prescribe or revise the obligations specified in these regulations?
View solution
Q. How is compliance with social sector obligations determined for both general and life companies?
View solution
Q. Where should insurers submit returns regarding rural and social sector obligations?
View solution
Q. What role does micro-insurance play in the growing Indian insurance industry?
View solution
Q. What is the primary goal of micro-insurance?
View solution
Q. In the context of micro-insurance, what is the role of micro finance institutions (MFIs)?
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!