n NISM Certifications
NSM General NISM
Medium

What is the main objective of the Insurance Ombudsman Rules?

Practice question from IC 38 Mock Test 19 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To ensure that insurers always settle claims in favor of policyholders

  2. B

    To provide free insurance policies to all individuals

  3. To resolve all types of complaints in a cost-effective and impartial manner

    Correct answer

  4. D

    To only accept complaints filed by authorized agents of policyholders

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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