Section 64VA(1) of the Insurance Act specifies a criteria related to sufficiency of assets that every insurer and re-insurer should at all times maintain an excess of assets over liabilities?
Sufficiency of assets [Section 64VA(1)]: Every insurer and re-insurer should at all times maintain an excess of value of assets over the amount of liabilities of, not less than fifty per cent. of the amount of minimum capital as stated under section 6 and arrived at in the manner specified by the regulations.
Who won the IAA Golden Compass Award at the 45th IAA World Congress?
Where are the headquarters of the Indian Institute of Corporate Affairs?
Consider the following statements regarding ‘Social Cost of Carbon (SCC)’?
1. It is the economic damage that would result from emitting one a...
BimaKavach has received a direct insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI), enabling the firm t...
National Commission for Women (NCW) has launched a pan-India capacity building programme to provide leadership skills to women political leader...
Which of the following bank is not identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2021 list ...
On which date chandrayaan-3 was launched from Sriharikota?
Why is the National Crisis Management Committee (NCMC) meeting, and what is the current status of the impending cyclonic storm 'Michaung'?
Recently the ‘NIGAH’ project has been launched at which place?
SEBI has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and p...