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The Insurance Times
unavailability of required information or for
other reasons.
5. Credit ratings do not refer to an insurer's or
reinsurer's ability to meet non-policy (i.e. debt)
obligations.
6. Finally, credit ratings are not a recommendation
to purchase or discontinue any policy or contract
issued by an insurer or reinsurer or to buy, hold
or sell any security issued by an insurer. A rating
is not a guarantee of an insurer's financial strength
or security.
7. In India credit agencies are required to obtain
license from the Securities and Exchange
Board of India if engaged in the business of
rating of securities offered by way of public or
rights issue.
Q6. a) What are the objectives to be kept in mind
while designing a re-insurance program?
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