Question
Which of the following is not a mandatory financial
statement of a General Insurance Company as per IRDA regulations?Solution
The mandatory financial statements for insurance companies typically include the Revenue Account, Profit and Loss Account, and Balance Sheet, which provide essential information about the company's financial performance and position. The Cash Flow Statement, while important for assessing a company's cash flows, is not typically mandated as part of the standard financial reporting requirements for insurance companies in many jurisdictions.
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