For Other Insurance, as per the Executive Committee of the General Insurance Council, the minimum amount of unexpired risk reserve that needs to be retained is 50% of the premium. This implies that insurance companies must keep aside half of the premium they receive for other types of insurance policies to ensure they have sufficient funds to meet future claims and obligations.
Risk and rewards are transferred in _______ and not in _______.
Risk Shifting can be done by using which of the following financial instruments ?
How are rights and duties related?
The headquarters of BIS is in
Which term refers to the specific rate of interest carried by a bond?
Consider the following Statements and choose the option with correct Statements.
I- There is no requirement to maintain any minimum balance in PM...
Which theory of motivation assumes that workers can exercise self-direction and self-control, and that imagination, ingenuity, and creativity are widesp...
Which of the following is not considered a major financial center in the Asia-Pacific region?
Which ethical problem in business involves the misuse of power and influence for personal gain?
What is the objective of the IFSCA Act?
