Licentiate Examination - IC 14 - Regulation of Insurance Business Exam - Important Points

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  • Micro-insurance is a very useful tool in times of eventualities.
  • The minimum policy term for ULIP products is 5 years.
  • Riders attached to a life insurance policy should bear the nature and character of the main policy.
  • Money laundering is the act of changing the appearance of money that comes from illegitimate sources so that it appears to be legitimate money.
  • The progress of money laundering can broadly be classified into three stages viz. placement, layering and integration.

IC 14 - Regulation of Insurance Business

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