Licentiate Examination - IC 14 - Regulation of Insurance Business Exam - Important Points
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insured should acknowledge the receipt of the award within 30 days
The insurer shall comply with the ombudsman award and send a written intimation to the Ombudsman within 15 days
insured does not intimate in writing the acceptance of such award, the insurer may not implement the award
Insurers follow two premium insurance styles : Asset Liability Management and Modern Portfolio Theory
General Accounting must be in line with Accounting Standards issued by ICAI.
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IC 14 - Regulation of Insurance Business
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