Page 116 - Reinsurance Management IC85

The Insurance Times

amount of 'Death Strain'. This results in creating an
impact on operating results.

The more the death strain the more impact on the
operating results. Life insurers generally seek
reinsurance to reduce the impact of such death
strain on operating results of the company.

Q. Discuss the clauses of the IRDA (General
Insurance-Reinsurance) Regulations, 2000
pertaining to procedures for reinsurance
arrangements regarding :
(i) The period for filing and submission of
reinsurance program of every insurer
(ii) The powers of the authority in this
regard.

Ans: Clause 3-4: The reinsurance program of every
insurer shall commence from the beginning of every
financial year and every insurer shall submit to the
Authority, his reinsurance programs for the
forthcoming year, 45 days before the

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