Start learning →

NIACL Administrative Officer Reinsurance — practice questions

Explore 1 free Reinsurance questions in NIACL Administrative Officer Insurance. Open each question or exercise to read its content, reference answers and available explanation.

Practise Reinsurance with Quill →

Reinsurance questions and exercises with answers

Showing questions 1–1 of 1.

The General Insurance Corporation of India (GIC) operates today primarily as:Read the answer and worked solution →

Worked practice questions

The General Insurance Corporation of India (GIC) operates today primarily as:

  1. A life insurer
  2. A surveyor
  3. A health insurer
  4. The only reinsurer in India
Show answer and solution

Correct answer: D. The only reinsurer in India

1. The IRDA brochure tracks total insurers in operation in India. 2. The Agricultural Insurance Company is a specialised public-sector insurer. 3. GIC of India is described as the only reinsurer in addition to the 52 insurance companies in operation. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "As on date, there are 52 insurance companies in operation in addition to General Insurance Corporation of India, the only reinsurer."_

Open this question →

How to practise

  1. Choose a Reinsurance question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

More Insurance topics

Insurance IntermediariesInsurance Penetration and DensityInsurance Repository SystemIRDA Brief HistoryComposition of IRDAFinancial EducationFormation of IRDAGrievance Redressal