IRDAI has formed a panel to review the regulations pertaining to insurance marketing firms. The committee is headed by

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	CV Rao
B	E Sreedharan
C	Suresh Mathur
D	Biju Patnaik

Explanation:

Detailed explanation-1: -IRDAI has formed a 13-member committee chaired by IRDAI Executive Chairman Dr Suresh Mathur to investigate the regulatory framework of microinsurance and recommend measures to increase demand for such products.

Detailed explanation-2: -1. The objective of supervision as stated in the preamble to the IRDAI Act is “to protect the interests of holders of Insurance policies, to regulate, promote and ensure orderly growth of the Insurance industry”, both Insurance and Reinsurance business.

Detailed explanation-3: -Detailed Solution. Insurance sector in India is regulated by Insurance Regulatory and Development Authority (IRDA). IRDA is formed by an act of India Parliament known as IRDA Act of 1999. RRB Group D PET Results have been released for RRB Bhubaneswar and RRB Prayagraj on 23rd January 2023.

Detailed explanation-4: -Section 4 of the IRDAI Act 1999 specifies the authority’s composition. It is a ten-member body consisting of a chairman, five full-time and four part-time members appointed by the government of India.

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