CS Professional · IFSCA - Regulations, Listing and Compliances · Insurance and Reinsurance
Arjun Consultants wishes to be registered in GIFT IFSC as an insurance intermediary whose main activity is assessing the extent of loss on claims for insurers and policyholders. Which intermediary category is relevant?
The relevant category is surveyor and loss assessor, since that intermediary investigates and quantifies loss on claims. Reinsurance brokers, corporate agents and marketing firms place or solicit business rather than assess losses, so they do not fit the activity described.
- ASurveyor and loss assessorCorrect
- BReinsurance broker
- CCorporate agent
- DInsurance marketing firm
Explanation
Assessing the quantum and cause of loss is the function of a surveyor or loss assessor. Brokers and agents place or solicit business; they do not assess claims losses.
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