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Regulation of Insurance Business-IC 14

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Regulation of Insurance Business-IC 14

The "Regulation of Insurance Business-IC 14" module provides knowledge about the legal, regulatory, and compliance on the insurance industry. It covers the role of regulatory bodies, the Insurance Act, IRDAI guidelines, anti-money laundering policies, and other statutory requirements and is from the Insurance Institute of India.

Certification in "Regulation of Insurance Business-IC 14" helps you prepare for the  Regulation of Insurance Business-IC 14 module test by assessing you in understanding of the legal and regulatory environment of the insurance industry.

Why is Regulation of Insurance Business-IC 14 certification important?

  • Demonstrates expertise in insurance regulations and compliance.
  • Enhances credibility and professional standing in the insurance sector.
  • Boosts career prospects in compliance, legal, and operations roles within insurance firms.
  • Ensures awareness of statutory obligations and IRDAI guidelines.
  • Validates knowledge of anti-money laundering and risk management policies.
  • Builds a foundation for leadership roles in regulatory and compliance teams.
  • Helps organizations meet regulatory requirements efficiently.

Who should take the Regulation of Insurance Business-IC 14 Exam?

  • Insurance Compliance Officers
  • Legal Advisors in Insurance Firms
  • Risk Managers
  • Operations Managers in Insurance Companies
  • Insurance Brokers and Agents
  • Underwriters
  • Claims Managers
  • Regulatory Affairs Specialists

Regulation of Insurance Business-IC 14 Certification Course Outline
The course outline for Regulation of Insurance Business-IC 14 certification is as below -

 

  • Domain 1: Development of Insurance Legislation in India and Insurance Act 1938
  • Domain 2: IRDAI Functions and Insurance Councils
  • Domain 3: IRDAI and its Licensing Functions
  • Domain 4: Regulations on Conduct of Business-I
  • Domain 5: Regulations on Conduct of Business-II
  • Domain 6: Policy Holders Rights of Assignment, Nomination and Transfer
  • Domain 7: Protection of Policy Holders Interest
  • Domain 8: Dispute Resolution Mechanism
  • Domain 9: Financial Regulatory Aspects of Solvency Margin and Investments
  • Domain 10: International Trends In Insurance Regulation