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Question

Which of the following is not a mandatory financial statement of a General Insurance Company as per IRDA regulations?

A Revenue Account Correct Answer Incorrect Answer
B Profit and Loss Account Correct Answer Incorrect Answer
C Balance Sheet Correct Answer Incorrect Answer
D Cash Flow Statement Correct Answer Incorrect Answer
E All are mandatory Correct Answer Incorrect Answer

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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