What does IRDA mandate for surveyors handling losses

Q: Answer-What does IRDA mandate for surveyors handling losses above INR 20,000?

Explanation The correct answer is B. They must hold a license issued by IRDA. IRDA mandates that surveyors handling losses above INR 20,000 must hold a license issued by them.

above INR 20,000?

A They must have formal training in finance Correct Answer Incorrect Answer

B They must hold a license issued by IRDA Correct Answer Incorrect Answer

C They must be employed by the insurer Correct Answer Incorrect Answer

D They must work for a public sector insurer Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

Explanation: The correct answer is B. They must hold a license issued by IRDA. IRDA mandates that surveyors handling losses above INR 20,000 must hold a license issued by them.

Practice Next

More Insurance Awareness Questions

The Insolvency and Bankruptcy Code, 2016 does not apply to________________
How are the assets of any insurer in India be kept as per the Insurance Act, 1938?
According to SEBI(DP) Regulations, 2018 No person shall, directly or indirectly, acquire or hold equity shares or voting rights of a depository unless...
A suit is instituted by:
In contributary negligence
What are the essentials of a will:
What is the primary purpose of the Hindu Marriage Act, 1955?
A firm shall___________ for wrongful acts of a partner.
According to the lease provisions, how is the day of commencement treated in computing the time?
What is the purpose of legal positivism?

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question