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Question: As per the Insurance Act, every insurer has to prepare at the end of financial year

Options:

  1.  Balance Sheet
  2.  Profit and Loss Account
  3.  Revenue Account for each class of Insurance business
  4.  Accounts of receipts and payments in respect of share-holders’ funds
  5.  All of the above

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5. All of the above

As per the Insurance Act, every insurer has to prepare at the end of financial year for

  • Balance Sheet
  • Profit and Loss Account
  • Revenue Account for each class of Insurance business
  • Accounts of receipts and payments in respect of share-holders’ funds and, others.

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