Investment of Insurance Companies And IRDA Regulations MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Investment of Insurance Companies And IRDA Regulations, a fundamental topic in the field of IC 89 Management Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Investment of Insurance Companies And IRDA Regulations MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Investment of Insurance Companies And IRDA Regulations mcq questions that explore various aspects of Investment of Insurance Companies And IRDA Regulations problems. Each MCQ is crafted to challenge your understanding of Investment of Insurance Companies And IRDA Regulations principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC 89 Management Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Investment of Insurance Companies And IRDA Regulations MCQs are your pathway to success in mastering this essential IC 89 Management Accounting topic.

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Investment of Insurance Companies And IRDA Regulations MCQs | Page 16 of 16

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Q151.
What does Regulation 11 allow the Authority to do?

a.

Request additional information from insurers

b.

Conduct audits of insurers

c.

Impose fines on insurers

d.

Suspend the licenses of insurers

Discuss
Answer: (a).Request additional information from insurers Explanation:Regulation 11 allows the Authority, by general or special order, to require insurers to provide such other information in such a manner, intervals, and time limit as may be specified therein.
Q152.
What does Regulation 12 pertain to?

a.

Returns to be submitted by insurers

b.

Additional information required from insurers

c.

Duty to report extraordinary events in the investment portfolio

d.

Regulatory provisions for investments of insurance companies

Discuss
Answer: (c).Duty to report extraordinary events in the investment portfolio Explanation:Regulation 12 mandates that every insurer shall report to the Authority forthwith the effect or the probable effect of any event coming to his knowledge, which could have a material adverse impact on the investment portfolio and consequently on the security of policyholder benefits or expectations.
Q153.
Who are the mandatory members of the Investment Committee according to Regulation 13 (A)?

a.

Chief Executive Officer, Chief of Finance, and Chief of Investment Division

b.

Two non-executive directors, Chief Executive Officer, Chief of Finance, Chief of Investment Division, and Appointed Actuary (if employed)

c.

Chief Executive Officer, Chief of Investment Division, and Appointed Actuary (if employed)

d.

Chief of Finance, Chief of Investment Division, and Appointed Actuary (if employe

Discuss
Answer: (b).Two non-executive directors, Chief Executive Officer, Chief of Finance, Chief of Investment Division, and Appointed Actuary (if employed) Explanation:According to Regulation 13 (A), every insurer shall constitute an Investment Committee, which shall consist of a minimum of two non-executive directors of the insurer, the Chief Executive Officer, Chief of Finance, Chief of Investment Division, and where an approved actuary is employed, an Appointed Actuary.
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