Question
According to the Executive Committee of the General
Insurance Council, what is the minimum amount of unexpired risk reserve required for Marine Insurance?Solution
According to the Executive Committee of the General Insurance Council, for Marine Insurance, the minimum amount of unexpired risk reserve that must be maintained is 100% of the premium. This means that insurance companies must set aside an amount equal to the entire premium received for marine insurance policies to cover potential future claims and liabilities.
Which of the following were the objectives of the Twelfth Five-Year Plan?
- To create 50 million new job opportunities ...
What is the core objective of SIDBI’s collaboration with Mitti Social Initiatives Foundation (MSIF)?
What are super normal profits made by companies due to an unprecedented event, as indicated in the para above, known as?
Who is the current chairperson of SIDBI?
Which Indian bank has the lowest net NPAs as of FY24?
What does the Core Current Asset (CCA) concept, introduced by the Tandon Committee , refer to?
Consider the following Statements and choose the option with correct Statements.
I- Ministry of Consumer Affairs, Food and Public Distribution...
Calculate the Working Capital Turnover Ratio:
What growth forecast for India did S&P Global Ratings retain for FY25?
What is the newly introduced threshold for the TReDS platform, according to the Finance Act 2023?
Relevant for Exams:
