Licentiate Examination - IC 11 - Practice of General Insurance Exam - Important Points
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As per premium investment guidelines by IRDA, investment in State Government securities and other Guaranteed securities including Central Government Securities should not be less than 30%
As per premium investment guidelines by IRDA, investment in Housing and Loans to State Government for Housing and Fire Fighting equipment, being not less than 5%
As per premium investment guidelines by IRDA, investment in Housing and Loans to State Government for Infrastructure and Social Sector, being not less than 10%
Physical Hazard - physical condition that increases the chance of loss like Defective wiring in a building.
Insurers incorporate appropriate warranties to reduce the physical hazard. Application of some clauses that will reduce the claim/loss amounts, Loading Premium,Restricting the cover granted are some of the ways to handle Physical Hazard
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