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22 Cards in this Set

  • Front
  • Back

IRDA act 1999 was passed as per the recommendations of

Malhotra committee report

IRDA came into existence with effect from

April 2000

FDI limit was raised to

49 percent in July 2013

Insurance brokers association of India is a member of

Bombay chamber of commerce and FICCI

IBAI regulations came into effect in

The year 2002

As per section 64 VB of insurance act premium can be paid by way of

AML / CFT guidelines were issued under section

34 of insurance act 1938

Prevention of money laundering act 2002 is applicable to

All financial institutions including insurance companies

Three stages of money laundering are

General insurance business nationalisation act was passed in

The year 1972

Insurance councils were incorporated under sections

64A and 64T of insurance act 1938

Insurance ombudsman is applicable to

Arbitration and conciliation act was passed in the year

1996

The public liability insurance act 1991 was passed to

Limits of compensation fixed under PLI act 1991 are

Under section. Of MV act no vehicle should ply without insurance

Section 146 of MV act

Section 140 no fault liability of MV act stipulates

Insurance companies have defences available under

Section 149(2) of MV act

Transfer of insurance conditions are stipulated under

Section 157 of MV act

Hit and run accident and solatium fund

Compensation payable under hit and run is

Employee compensation act 2009 features