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Question

Which of the following Statements is/are True?

I- D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF).

II- D-SIIs refer to insurers of such size, market importance and domestic and global interconnectedness whose distress or failure would cause a significant dislocation in the domestic financial system.

III- The continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy.

A Only I Correct Answer Incorrect Answer
B Only II Correct Answer Incorrect Answer
C I & II Correct Answer Incorrect Answer
D II & III Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF). D-SIIs refer to insurers of such size, market importance and domestic and global interconnectedness whose distress or failure would cause a significant dislocation in the domestic financial system. Thus, the continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy.

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