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    Question

    The Insurance Regulatory and Development Authority of

    India (IRDAI) lowered the solvency requirement for surety bonds to what level?
    A 1.25 times Correct Answer Incorrect Answer
    B 1.5 times Correct Answer Incorrect Answer
    C 1.875 times Correct Answer Incorrect Answer
    D 2.0 times Correct Answer Incorrect Answer
    E 2.5 times Correct Answer Incorrect Answer

    Solution

    IRDAI decided to lower the solvency requirement for surety bonds to 1.5 times from the previous 1.875 times after receiving feedback from insurance players. This adjustment aims to expand the surety insurance market by making it easier for insurers to offer these products.

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