Question

    Which form is required for preparing the Revenue account in insurance company engaged in general insurance business?

    A Form B - RA Correct Answer Incorrect Answer
    B Form A - RA Correct Answer Incorrect Answer
    C Form B - PL Correct Answer Incorrect Answer
    D Form A - PL Correct Answer Incorrect Answer
    E Form B - RL Correct Answer Incorrect Answer

    Solution

    The Revenue account in insurance company reporting, as per the IRDA Regulations, 2002, is also referred to as Form B - RA, or Policy holders’ account.

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