Insurance Awareness - Reinsurance
Which of the following is NOT a function of GIC Re?
Which of the following is NOT a function of GIC Re?
medium Q5 of 15
Step-by-Step Solution
Step 1: Review GIC Re’s functions
GIC Re accepts reinsurance business, supports insurers’ underwriting capacity, and promotes market stability.Step 2: Identify the incorrect function
GIC Re does not provide direct insurance to retail customers; it only deals with reinsurance.Final Answer:
Providing direct insurance policies to retail customers → Option CQuick Check:
Providing direct insurance policies = NOT the correct feature ✅
Quick Trick: GIC Re = reinsurer, not direct insurer.
Common Mistakes:
MISTAKES- Confusing GIC Re with insurance companies selling policies directly.
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