Q. What was the purpose of enacting the Insurance Regulatory and Development (IRDA) Act, 1999?

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Q. What is the common purpose served by insurance regulations in all countries?

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Q. Which of the following scenarios demonstrates the role of insurance in providing financial security?

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Q. What is the scope of insurance regulation?

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Q. What distinguishes insurance regulation from regulation in other branches of finance or economics?

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Q. What role does the regulator play in protecting policyholders?

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Q. What is one reason insurance regulators prescribe a high capital base for issuing licenses?

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Q. What is the minimum capital requirement for starting a life insurance business in India?

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Q. Why do regulators create accounting norms, investment norms, audit systems, etc. for insurers?

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Q. What does solvency measure for insurance companies?

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Q. Why is it difficult for customers to evaluate an insurance policy at the time of purchasing insurance?

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Q. What is the consequence of over-pricing insurance products?

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Q. How do regulators ensure a level playing ground for all insurers?

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Q. Which organizations have contributed to insurance reform worldwide?

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Q. What is the role of the International Association of Insurance Supervisors (IAIS)?

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Q. Which organization is the apex body of fifty State-level regulators of the USA?

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Q. What is the primary focus of "The Geneva Association"?

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Q. What is the role of the International Association of Insurance Supervisors (IAIS)?

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Q. When was the IAIS established?

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Q. Which of the following statements best describes the role of insurance in society?

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