Question

How are reinsurance arrangements of insurance companies registered with IRDA decided?

a.

By the Reserve Bank of India

b.

By the Indian government

c.

By the respective insurance company's Boards in consultation with IRDA

d.

By the insurance companies themselves on an annual basis

Posted under IC 14 Regulations of Insurance Business

Answer: (c).By the respective insurance company's Boards in consultation with IRDA Explanation:Reinsurance arrangements of insurance companies registered with IRDA are decided by the respective insurance company's Boards in consultation with IRDA. This process allows insurance companies to determine their reinsurance strategies in alignment with regulatory guidelines and industry best practices.

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Q. How are reinsurance arrangements of insurance companies registered with IRDA decided?
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