Page 86 - IC46 addendum

General Insurance Accounts (IC-46)

insurer must prepare model code of
conduct to prevent insider trading /
personal trading of officers involved in
various levels of investment operations
and place it to the Board for approval.
a) Prohibition of Insider Trading
b) Valuation of Insider Trading
c) Promotion of Insider Trading
d) Identification of Insider Trading

45. While framing the investment policy, the
Board shall ensure the compliance of
following:

a) Exposure limits b) Stop loss limits
c) None of the above d) Both a & b

46. While framing the investment policy, the
Board shall ensure the compliance of
following:

a) Issues relating to liquidity, prudential norms,
exposure limits, stop loss limits etc.

b) Ensuring adequate return on policyholders
and shareholders' funds consistent with the
protection, safety and liquidity.

c) None of the above.
d) Both a & b.

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