What is the role of reinsurance companies in the Indian insurance market?
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.
Which of the following section provides for Establishment of Central Consumer Protection Authority.
The terms "Pledge", "Pawnor" and "Pawnee" has been defined under which section of the Contract Act?
The Rent controller shall be not below the rank of:
Any person who has entered into an agreement with any depository for availing its services shall surrender ………..
Indian Evidence Act, 1872 was enforced on :
An application for initiating pre-packaged insolvency resolution process under the IBC, 2016 _____________________
Interim measures can be ordered by Court as per which section of Arbitration and Conciliation Act, 1996?
Under the Aircraft Act, what authority does the Central Government have in making rules for the prevention of danger to public health related to aircra...
Any grievance of persons relating to their service matters shall be put up before____ under ____.
According to Section 36(4) of the Code on Wages, 2019, what is the purpose of carrying forward excess allocable surplus or minimum bonus to the succeed...
