Question
In which of the following arrangement, a commission is
earned by many intermediaries through reinsurance agreements?Solution
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.
For what pioneering endeavor did India secure the 9th GovTech Prize at the World Government Summit 2024?
Which mutual fund company has decreased its 2.12 per cent stake in Garden Reach Shipbuilders and Engineers (GRSE) which was 7.4 percent stake earlier? ...
___________ launched a booklet named “BE(A)WARE” which features common modus operandi used by fraudsters and precautions to be taken while c...
Which of the following is an example of heat transfer through convection?
__________ is the writer of the book ‘Translating Myself and Others’.
Where is the International Financial Services Centres Authority (IFSCA) planning to set up an international arbitration center for dispute resolution?
Reserve Bank of India has announced that NaBFID will be regulated and supervised by it as an AIFI under the Sections 45L and 45N of RBI Act, 1934. What ...
Archaeologists discovered a 7000-year-old pre-historic settlement near which river in Serbia?
When was the Deccan Queen, the first deluxe train service of the Indian Railways between Mumbai and Pune, introduced?
1st election for constituent assembly took place in?
