III IC-02 Practice Questions - III IC-02 Practice Of Life Insurance Exam

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Under the Insurance Regulatory and Development Authority of India (IRDAI) guidelines, what is the role of the 'Appointed Actuary' in a life insurance company?

To manage the sales force and achieve annual premium targets To ensure financial solvency, value liabilities, and certify premium rates To recruit and train corporate agents and insurance brokers To handle legal disputes and draft policy contracts

Correct Answer:

To ensure financial solvency, value liabilities, and certify premium rates

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