Question

What is the purpose of establishing the Insurance Ombudsman?

a.

To sell insurance policies

b.

To quickly dispose of grievances of insurance consumers

c.

To lessen the problems involved in redressing complaints

d.

To regulate insurance premiums

Answer: (b).To quickly dispose of grievances of insurance consumers Explanation:The Insurance Ombudsman has been established to quickly dispose of the grievances of insurance consumers and lessen the problems involved in redressing complaints.

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Q. What is the purpose of establishing the Insurance Ombudsman?

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