Question

Where should insurers submit returns regarding rural and social sector obligations?

a.

To the Ministry of Finance

b.

To the National Rural Development Authority

c.

As part of the financial returns under IRDA's regulations

d.

To the Insurance Regulatory and Development Authority (IRDA) directly

Posted under IC 14 Regulations of Insurance Business

Answer: (c).As part of the financial returns under IRDA's regulations Explanation:Every insurer should submit returns regarding rural and social sector obligations as part of the financial returns under the Insurance Regulatory and Development Authority (IRDA) (Preparation of Financial Statements and Auditors Report of Insurance Companies) Regulations, 2002.

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Q. Where should insurers submit returns regarding rural and social sector obligations?
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