Under the Expense of Management Rules 2023 introduced by Insurance Regulatory and Development Authority of India, general insurance companies can work with EOM up to ____ of gross premium written.
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations on commission payments to intermediaries and expenses of management for general and health insurance companies. While the Payment of Commission Regulations, 2023, removes previous caps on payments, the Expenses of Management (EOM) Regulations, 2023, allows for additional expenses related to foreign and IFSC branches, Insurtech, and insurance awareness. The new regulations issued by the Insurance Regulatory and Development Authority of India (IRDAI) will be effective from April 1. Under the EOM Regulations, 2023, general insurance companies can work with EOM up to 30% of gross premium written, while insurers carrying on standalone health insurance business are allowed to go up to 35% of gross premium written. The objective of these regulations is to provide the insurers the flexibility to manage their expenses based on their growth aspirations and the ever-changing insurance needs with an objective to improve insurance penetration.
Which section of the National Investigation Agency Act delas with the provisions relating to power to transfer cases to regular courts?
Section 6 of the limitation Act is related to:
Communications during marriage can be disclosed:
Any person aggrieved by an order made by the District Commission may prefer an appeal against such order to the State Commission on the grounds of facts...
Which of the following is not a duty of the buyer?
Contract for sale as under s. 54 of the TP Act, 1882 provides for_______
The doctrine of ‘Full faith & credit’ is enshrined in which of the following Article of the Constitution of India?
Which of the following is not an objective of SEBI______________
What is the maximum period under Section 110 of CrPC, for furnishing security prescribed for keeping good behaviour?
“Doli incapax” is a word used for?