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Reinsurance companies play a crucial role in the Indian insurance market by providing insurance to insurance companies. The primary function of reinsurance is to insure the risks of insurance companies and protect them from catastrophic losses. Reinsurance companies work as risk-sharing partners with insurance companies and help them manage their risks more efficiently. In India, reinsurance is regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and operates under the provisions of the Insurance Act, 1938. Hence, option B is correct.
The total number of members nominated by the President to the Rajya Sabha is
When a fact is said to be “Not proved” as per Indian Evidence Act?
The Chief Election Commissioner can be removed on the ground of:
Which section of the Central Vigilance Commission Act deals with the provisions related to the annual report?
Certificate for appeal to the Supreme Court is made by High Court as per Art.______ of the Constitution.
'la principle de legalite' means:
In which article of Indian constitution the legal maxim Nemo debet bis vexari pro una et eadem causa has been added?
Austin has propounded the theory of?
According to the IBC who shall constitute the committee of creditors?
“On whom does the burden of proof lie”. This is discussed in Section ……. Of Indian Evidence Act
