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Question

Which form is required for preparing the Revenue account in insurance company engaged in general insurance business?

A Form B - RA Correct Answer Incorrect Answer
B Form A - RA Correct Answer Incorrect Answer
C Form B - PL Correct Answer Incorrect Answer
D Form A - PL Correct Answer Incorrect Answer
E Form B - RL Correct Answer Incorrect Answer

Solution

The Revenue account in insurance company reporting, as per the IRDA Regulations, 2002, is also referred to as Form B - RA, or Policy holders’ account.

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