Paper I 5 Registration as an insurer under the Insurance Act, 1938, requires the Controller to be satisfied with public interest, financial soundness, general character, business potential, capital adequacy, and earning prospects of the applicant.
Under the Insurance Act, 1938 (as amended - 2002) a person may be registered as an insurer, if after inquiry the controller is satisfied as to
Asked in Paper I 5 · Topic: Tertiary Sector (Financial Services: Banking, Insurance, Capital Markets, and Financial Inclusion)
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