Regulation of Insurance Business - IC 14 Practice Exam

Regulation of Insurance Business - IC 14 Practice Exam

About Regulation of Insurance Business - IC 14 Practice Exam

The Licentiate in Life Insurance provided by the Insurance Institute of India comprises of three papers -

• Principles of Insurance (IC 01)
• Practice of Life Insurance (IC 02)
• Regulation of Insurance Business (IC 14). 

Candidates passing the Regulation of Insurance Business - IC 14 exam will get 20 Points. 

Course Outline

The Regulation of Insurance Business - IC 14 Exam covers the following topics - 

• Module 1 Development of Insurance Legislation in India and Insurance Act 1938 
• Module 2 IRDA Functions and Insurance Councils 
• Module 3 IRDA and its Licensing Functions
• Module 4 Regulations on Conduct of Business  
• Module 5 Policyholder’s Rights of Assignment, Nomination and Transfer 
• Module 6 Protection of Policyholder’s Interest 
• Module 7 Dispute Resolution Mechanism 
• Module 8 Financial Regulatory Aspects of Solvency Margin and Investments 
• Module 9 International Trends in Insurance Regulation 

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