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NIACL Administrative Officer Insurance Act 1938 — Investment of Assets — practice questions

Explore 1 free Insurance Act 1938 — Investment of Assets questions in NIACL Administrative Officer Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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Insurance Act 1938 — Investment of Assets questions and exercises with answers

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For a GENERAL insurance business under Section 27(2) of the Insurance Act 1938, the insurer must invest in Government securities at least:Read the answer and worked solution →

Worked practice questions

For a GENERAL insurance business under Section 27(2) of the Insurance Act 1938, the insurer must invest in Government securities at least:

  1. 10 % of assets
  2. 20 % of assets
  3. 25 % of assets
  4. 30 % of assets
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Correct answer: B. 20 % of assets

1. Section 27(2) covers general (non-life) insurance investment norms. 2. It specifies a baseline Govt-securities percentage plus a Govt-or-approved-securities slab. 3. Twenty per cent of the assets must be in Government Securities, plus not less than 10% more in Govt or approved. _Source: Insurance Act 1938 (incorporating amendments till 2021), noc.irdai.gov.in — "In the case of an insurer carrying on general insurance business, twenty per cent. of the assets in Government Securities"_

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