Q. The Financial Services Authority (FSA) is the insurance regulator of which country?

View solution

Q. How can one assess if an insurance company will be able to meet its claims or not?

View solution

Q. As per the principle of indemnity, for acceptable claims; insurance companies pay ________

View solution

Q. What type of documents does IAIS issue?

View solution

Q. What role does the International Association of Insurance Supervisors (IAIS) play in the insurance industry?

View solution

Q. What is the primary purpose of regulations created by the insurance regulator?

View solution

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

View solution

Q. When was the IAIS established?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. Which organizations have contributed to insurance reform worldwide?

View solution

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

View solution

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

View solution

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

View solution

Q. What does solvency measure for insurance companies?

View solution

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

View solution

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

View solution

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

View solution