Question

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

a.

Providing insurance services globally

b.

Developing core insurance principles and facilitating interaction among insurance supervisors and professionals worldwide

c.

Regulating insurance only in developed countries

d.

Providing financial support to insurance companies

Posted under IC 14 Regulations of Insurance Business

Answer: (b).Developing core insurance principles and facilitating interaction among insurance supervisors and professionals worldwide Explanation:The International Association of Insurance Supervisors (IAIS) develops core insurance principles relevant to contemporary markets and provides a forum for interaction among insurance supervisors and professionals worldwide.

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