Question

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

a.

Only for health insurance business

b.

Only for life insurance business

c.

In the initial two years of starting operations for health insurance and group term insurance business

d.

In the initial two years of introducing a new risk/product for health insurance and group term insurance business

Answer: (d).In the initial two years of introducing a new risk/product for health insurance and group term insurance business Explanation:Insurers may be allowed to reinsure on quota share basis in the initial two years of introducing a new risk/product for health insurance and group term insurance business, as per IRDAI regulations.

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

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