n NISM Certifications
NSM General NISM
Medium

Which statement is correct regarding IRDAI's power to call for information from an Insurance Agent?

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

Options

  1. A

    IRDAI cannot call for any information from an Insurance Agent

  2. B

    Insurance Agents are not required to submit any information to IRDAI

  3. IRDAI can call for any information pertaining to the insurance business undertaken by the Insurance Agent, and the Agent must submit it within the timelines

    Correct answer

  4. D

    The Investigating Officer appointed by IRDAI cannot inspect the books of accounts, records, and documents of the Agent

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

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