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Question 1
Under IRDAI's solvency framework, every Indian life insurer must at all times maintain a control level of solvency expressed as a solvency ratio of at least:
Correct Answer:
150%
Question 2
In a conventional Indian with-profits (participating) fund, the regulatory cap on the proportion of distributed surplus that may be allocated to shareholders is:
Correct Answer:
10%
Question 3
The senior actuary who carries statutory responsibility for an Indian life insurer's reserving, solvency certification and policyholder fairness is known as the:
Correct Answer:
Appointed Actuary
Question 4
Which IRDAI regulations consolidated and replaced earlier rules on appointed actuaries, asset-liability-solvency and investment functions with effect from 1 April 2024?
Correct Answer:
IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024
Question 5
An insurer's asset share for a block of with-profits policies is best described as the:
Correct Answer:
Accumulation of premiums less expenses, mortality cost and tax, with investment return and miscellaneous profit
Question 1
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About this Exam

Prepare with the IAI SA2 Practice Questions - IAI Subject SA2 Life Insurance Specialist Advanced Exam practice quiz. This question bank includes 100 questions covering insurer, life, indian, risk, and insurance. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IAI SA2 Practice Questions - IAI Subject SA2 Life Insurance Specialist Advanced Exam

This practice set contains 100 questions from the matching question bank and focuses on insurer, life, indian, risk, and insurance. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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