Question

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

a.

To simplify the reinsurance process for Indian insurers

b.

To ensure that Indian insurers obtain the best terms for their reinsurance surpluses

c.

To increase the participation of overseas reinsurers in the Indian reinsurance market

d.

None of the above

Answer: (b).To ensure that Indian insurers obtain the best terms for their reinsurance surpluses Explanation:The amendment in Regulation 28(9) aims to ensure that Indian insurers obtain the best terms for their facultative and treaty surpluses from Indian reinsurers and overseas reinsurers.

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

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