n NISM Certifications
XV NISM Series XV
Medium

Which of the following is regulated by the Insurance Regulatory and Development Authority of India (IRDAI)?

Practice question from NISM XV Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Capital requirements for insurance companies

  2. B

    Modalities for investment of funds by insurance companies

  3. C

    Rules and regulations for distribution of insurance products

  4. All of the above

    Correct answer

Why this is the answer

IRDAI regulates multiple aspects of the insurance sector in India, including setting capital requirements, specifying how insurance companies invest their funds, and overseeing the distribution and sale of insurance products. It also ensures proper training, licensing, and commission structures for intermediaries. Therefore, all the listed options fall under IRDAI's regulatory purview.

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