Q. What requirement must be met by reinsurers for insurers to place their reinsurance business outside India?

View solution

Q. According to IRDAI regulations, when can insurers reinsure on a quota share basis?

View solution

Q. Which of the following is a requirement for life insurers when placing business with reinsurers, according to IRDAI regulations?

View solution

Q. What is the purpose of the Insurance Regulatory and Development Authority of India (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (First Amendment) Regulations, 2016?

View solution

Q. According to the amended regulations, what is the minimum retention requirement for Category I foreign reinsurers maintaining a branch office in India?

View solution

Q. What amendment is made in Regulation 16(g) of the regulations?

View solution

Q. According to the amended Regulation 28(9), what is the order of preference for offering best terms for participation in reinsurance?

View solution

Q. What action will the Authority undertake after a period of one year based on the reporting's made to it?

View solution

Q. What is the purpose of the amendment in Regulation 28(9)?

View solution

Q. Which statement best defines reinsurance?

View solution

Q. What does the direct insurer retain in a reinsurance arrangement?

View solution

Q. Which of the following is NOT an advantage of reinsurance?

View solution

Q. What are some considerations before implementing reinsurance?

View solution

Q. What types of reinsurance arrangements exist?

View solution

Q. Who determines the best retention limits in a reinsurance arrangement?

View solution

Q. How do reinsurance regulations impact insurance companies?

View solution

Q. In a reinsurance contract, the excess of the total amount of cover (T) over the retention amount (X) would be ____________ .

View solution

Q. The excess loss method of reinsurance is more predominant in which of the following types of insurance?

View solution

Q. While choosing retention limits, an insurer’s actuary would consider which of the following?

View solution

Q. Retention limits would be lower for high risk plans and higher for low risk plans. High risks would be on account of which of the following?

View solution