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?

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

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

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

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

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

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Q. Which statement best defines reinsurance?

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

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

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Q. What are some considerations before implementing reinsurance?

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Q. What types of reinsurance arrangements exist?

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

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Q. How do reinsurance regulations impact insurance companies?

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

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

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

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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?

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