Question

IRDAI  has relaxed norms for 'surety bonds', a type of insurance policy protecting parties involved in a transaction or contract from potential financial losses due to a breach of contract or other types of non-performance.Under this,the solvency requirement applicable for such products has now been reduced to control the level of ____.

A 1.2
B 1.3
C 1.4
D 1.5
E None of these
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