Question

Which regulatory bodies provide guidelines for reserving practices in the Indian insurance industry?

a.

Securities and Exchange Board of India (SEBI)

b.

Reserve Bank of India (RBI)

c.

Institute of Actuaries of India (IAI) and Insurance Regulatory and Development Authority of India (IRDAI)

d.

Ministry of Finance

Answer: (c).Institute of Actuaries of India (IAI) and Insurance Regulatory and Development Authority of India (IRDAI) Explanation:The Institute of Actuaries of India (IAI) and the Insurance Regulatory and Development Authority of India (IRDAI) provide guidelines and regulations for reserving practices in the Indian insurance industry.

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Q. Which regulatory bodies provide guidelines for reserving practices in the Indian insurance industry?

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