Licentiate Examination - IC 14 - Regulation of Insurance Business Exam - Important Points
Page 39 Of 55
Go to:
The State Commission President should be a High Court Judge.
One of the pre-requisite of lodging complain in front of the Insurance Ombudsman is that the amount of relief sought must be less than Rs 20 lakhs.
The contract between the insured and the insurer, in essence, is a promise of indemnification (reimbursement for the loss) in the event of a loss.
International Association of Insurance supervisors (IAIS) is a full time body working for the better regulation and development of insurance.
International Association of Insurance Supervisors (IAIS) issues global insurance principles, standards and guidance papers, provides training and support on issues related to insurance supervision, and organizes meeting and seminars for insurance supervisors.
MODELEXAM® 
www.realsoftinfoplan.com