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In fee churning, a series of intermediaries take commissions through reinsurance agreements. The initial premium is reduced by repeated commissions until there is no longer money to pay claims. The company left to pay the claims is often a business the conspirators have set up to fail.
In which Indian state is the famous Cuttack Rupa Tarakasi (silver filigree), which recently earned the Geographical Indication (GI) tag, located?
'Lord Hanuman' has been declared as the official mascot of which championship?
What is the primary objective of the HaRBInger 2024 hackathon hosted by APIX and RBI?
Who proposed the concept of 'Separation of Powers' in governance?
Who won the Nobel Prize in Literature in 2023?
Who is the Minister of Tribal Affairs?
Which company has partnered with Hindustan Aeronautics Limited to develop the 'Aravalli' engine?
M. S. Prabhakara recently died. He was a____?
Which private general insurer launched "Insurance Samjho," a Gen AI powered bot designed to simplify insurance complexities for customers?
1st Commonwealth Games, 2018 Gold medallist Shri Jeetu Rai belongs to which place of Uttar Pradesh?