CS Professional · Banking and Insurance - Laws and Practice · Professional Opportunities
Bharat General Insurance Ltd is preparing for its Board meeting where the Policyholder Protection Committee will review grievance data. The Company Secretary is asked to support this committee. Which task falls most squarely within the Company Secretary's governance role?
The Company Secretary prepares agenda and minutes and ensures that grievance-redressal reporting and follow-up reach the Board. Underwriting, premium rate fixing and loss inspection are technical functions of underwriters, actuaries and surveyors, not of the Company Secretary.
- AUnderwriting a large fire risk proposal
- BPreparing the agenda and minutes and ensuring the committee's statutory reporting and follow-up on grievance redressal is placed before the BoardCorrect
- CFixing the premium rate for motor third-party cover
- DPhysically inspecting a damaged vehicle to assess the loss
Explanation
The Company Secretary services Board committees by preparing agenda notes and minutes and tracking action points and compliance reporting. Underwriting, rate fixing and loss inspection are technical insurance functions handled by underwriters, actuaries and surveyors, not by the Company Secretary.
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