Q. Which statement best defines reinsurance?

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

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

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

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

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

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Q. What is the maximum percentage of the sum assured that an insurer shall reinsure with Indian reinsurers according to IRDAI regulations?

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Q. What requirement must insurers fulfill regarding retention policy according to IRDAI regulations?

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Q. When are insurers allowed to reinsure on quota share according to IRDAI regulations?

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Q. What requirement must insurers fulfill regarding reinsurance arrangements for catastrophe risks?

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Q. What is the maximum percentage of the sum assured that insurers are required to reinsure with Indian reinsurers, as per IRDAI regulations?

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Q. What defines a declined life in reinsurance?

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Q. What is a 'declined lives' treaty in reinsurance?

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Q. Why do insurers generally prefer the surplus method over the quota share method?

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Q. How is the reinsurance premium calculated in the surplus arrangement?

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Q. What is the primary characteristic of the surplus arrangement in reinsurance?

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