Which of the following points are correct with respect to the recent (in Janandrsquo;22) IRDAI steps towards Motor, Property Insurances andamp; surety Norms?A) IRDAI set up motor insurance andamp; Property Insurances in andlsquo;Institute of Insurance andamp; Risk Management (IIRM) andamp; National Insurance Academy (NIA) to promote loss prevention in the insurance Industry.B) New Surety norms andndash; IRDAI (Surety Insurance Contracts) Guidelines, 2022 was set up by IRDAI under the section 14 (2) (i) of IRDA Act, 1999.C) IRDAI also decided to form an advisory committee under the chairmanship of the NIA director to develop standard survey/inspection.a)Only B andamp; Cb)Only Ac)Only Bd)Only A andamp; Ce)All A, B andamp; CCorrect answer is option 'E'. Can you explain this answer?

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Which of the following points are correct with respect to the recent (in Jan’22) IRDAI steps towards Motor, Property Insurances & surety Norms?
A) IRDAI set up motor insurance & Property Insurances in ‘Institute of Insurance & Risk Management (IIRM) & National Insurance Academy (NIA) to promote loss prevention in the insurance Industry.
B) New Surety norms – IRDAI (Surety Insurance Contracts) Guidelines, 2022 was set up by IRDAI under the section 14 (2) (i) of IRDA Act, 1999.
C) IRDAI also decided to form an advisory committee under the chairmanship of the NIA director to develop standard survey/inspection.

a)
Only B & C
b)
Only A
c)
Only B
d)
Only A & C
e)
All A, B & C

Correct answer is option 'E'. Can you explain this answer?

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Which of the following points are correct with respect to the recent (...

IRDAI Steps towards Motor, Property Insurances & Surety Norms:

IRDAI Initiatives:
- IRDAI set up motor insurance & Property Insurances in 'Institute of Insurance & Risk Management (IIRM) & National Insurance Academy (NIA) to promote loss prevention in the insurance Industry.
- New Surety norms - IRDAI (Surety Insurance Contracts) Guidelines, 2022 was set up by IRDAI under the section 14 (2) (i) of IRDA Act, 1999.
- IRDAI also decided to form an advisory committee under the chairmanship of the NIA director to develop standard survey/inspection.
Therefore, all the points mentioned in options A, B, and C are correct regarding the recent steps taken by IRDAI towards Motor, Property Insurances & Surety Norms in January 2022.

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Which of the following points are correct with respect to the recent (...

IRDAI set up motor insurance & Property Insurances in ‘Institute of Insurance & Risk Management (IIRM) & National Insurance Academy (NIA) to promote loss prevention in the insurance Industry.
i. IRDAI (Surety Insurance Contracts) Guidelines, 2022 was set up by IRDAI under the section 14 (2) (i) of IRDA Act, 1999.
ii. IRDAI also decided to form an advisory committee under the chairmanship of the NIA director to develop standard survey/inspection.

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Which of the following points are correct with respect to the recent (in Jan’22) IRDAI steps towards Motor, Property Insurances & surety Norms?A) IRDAI set up motor insurance & Property Insurances in ‘Institute of Insurance & Risk Management (IIRM) & National Insurance Academy (NIA) to promote loss prevention in the insurance Industry.B) New Surety norms – IRDAI (Surety Insurance Contracts) Guidelines, 2022 was set up by IRDAI under the section 14 (2) (i) of IRDA Act, 1999.C) IRDAI also decided to form an advisory committee under the chairmanship of the NIA director to develop standard survey/inspection.a)Only B & Cb)Only Ac)Only Bd)Only A & Ce)All A, B & CCorrect answer is option 'E'. Can you explain this answer?

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