IAI SA3 Practice Questions - IAI SA3 General Insurance Specialist Advanced Exam

In India, the premium rates for motor third-party (Act only) liability insurance are:

Set freely by each insurer through filed rates Determined entirely by the GIC Re reinsurance treaty Notified/regulated by IRDAI rather than freely priced Fixed by the Motor Vehicles Act schedule with no actuarial input

Correct Answer:

Notified/regulated by IRDAI rather than freely priced

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