Question
a.
Formulate a retention policy only once during the initial years of operation
b.
Submit the retention policy to the Authority without any justification
c.
Formulate a suitable retention policy for each type of product/risk and justify it in the annual reinsurance programme submitted to the Authority
d.
Retain the same level of risk for all products without any adjustments
Posted under IC 92 Actuarial Aspects of Product Development
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Q. What requirement must insurers fulfill regarding retention policy according to IRDAI regulations?
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