Question
a.
To provide guidelines for product development in the insurance industry.
b.
To define the role of the Appointed Actuary in life insurance business.
c.
To establish principles for determining Margins for Adverse Deviation ( MAD ) in life insurance liabilities.
d.
To regulate the investment practices of insurance companies.
Posted under IC 92 Actuarial Aspects of Product Development
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Q. What is the purpose of APS-7 issued by the Institute of Actuaries of India (IAI)?
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