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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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