IC 14 Regulation of Insurance Business Licentiate Mock Test
650+ MCQs| Mock Test for IC-14 Regulation of Insurance Business Insurance Institute of India’s Licentiate Exam 2025-26
IC 14 Regulation of Insurance Business Licentiate Mock Test udemy course free download
650+ MCQs| Mock Test for IC-14 Regulation of Insurance Business Insurance Institute of India’s Licentiate Exam 2025-26
Prepare with Confidence for the IC 14: Regulation of Insurance Business Exam (III Licentiate Certification)
This comprehensive online mock test series is specifically designed for candidates preparing for the IC 14: Regulation of Insurance Business examination conducted by the Insurance Institute of India (III).
With over 650 practice questions divided across 6 full-length mock tests, this course provides complete syllabus coverage and is structured to help you:
Master all key chapters and test objectives, from the Insurance Act, 1938 to international regulatory trends.
Practice under exam-like conditions and receive immediate scoring with detailed feedback.
Build deep understanding of the regulations governing the Indian insurance sector.
Whether you are working towards your Licentiate certification or looking to strengthen your insurance domain knowledge, this course provides the essential practice needed for success.
What You’ll Learn:
Practice with 650+ high-quality multiple-choice questions covering all learning outcomes and test objectives outlined by the Insurance Institute of India (III).
Strengthen your knowledge of insurance legislation, regulatory frameworks, policyholder rights, dispute resolution, and international insurance trends.
Receive instant feedback, performance analytics, and detailed answer explanations to help identify strengths and areas for improvement.
Prepare thoroughly to increase your chances of success in the III Licentiate IC 14 examination.
Key Features:
650+ Exam-Style Questions: Covering every chapter and learning outcome based on the latest syllabus.
Full-Length Mock Tests: Six comprehensive tests designed to replicate the actual exam pattern.
Detailed Explanations: Every question includes clear, concise answers and domain references to enhance understanding.
Performance Analytics: Track your progress, identify weak areas, and focus your revision effectively.
Updated Content: Aligned with the latest regulations and guidelines from the Insurance Institute of India.
Who Should Enroll:
Candidates preparing for the III Licentiate Exam (IC 14: Regulation of Insurance Business).
Insurance professionals, compliance officers, underwriters, and legal advisors seeking to strengthen regulatory knowledge.
Students and professionals aiming to build a career in insurance regulation, policy management, or claims handling.
Course Content & Knowledge Areas Covered:
Chapter 1: Development of Insurance Legislation & Insurance Act, 1938
Evolution of the Indian insurance sector
General Insurance Business (Nationalisation) Act, 1972 (GIBNA)
Chapter 2: IRDAI Functions & Insurance Council
Governing acts, IRDAI functions, and role of insurance councils
Chapter 3: IRDAI & Its Licensing Functions
Registration of insurers and intermediaries, code of conduct, regulations on cross-border reinsurers, insurance marketing firms, and repositories
Chapter 4: Regulation on Conduct of Business – Part 1
Anti-Money Laundering (AML) guidelines, micro-insurance, ULIPs, and regulatory compliance for conduct of insurance business
Chapter 5: Regulation on Conduct of Business – Part 2
Health insurance regulations, underwriting guidelines, and product filing processes
Chapter 6: Policyholder Rights – Assignment, Nomination, and Transfer
Key provisions related to policy assignment, nomination, and legal rights under Section 45
Chapter 7: Protection of Policyholder Interests
Pre-sale and post-sale stages, claims handling, grievance redressal, and consumer protection measures
Chapter 8: Dispute Resolution Mechanisms
Ombudsman process, Consumer Protection Act, and regulatory redressal frameworks
Chapter 9: Financial Regulatory Aspects – Solvency Margin & Investment
Insurance accounting, reserving processes, solvency requirements, and investment strategies
Chapter 10: International Trends in Insurance Regulation
Global regulatory focus areas, emerging international best practices, and cross-border compliance trends
How This Course Helps You:
Exam-Readiness: Practice under real exam conditions to build speed, accuracy, and confidence.
Concept Clarity: Strengthen your understanding of both foundational and advanced regulatory topics.
Targeted Improvement: Use performance feedback to focus revision on weaker areas.
Higher Success Probability: Reinforce learning through detailed explanations and knowledge checks.
Important Notes:
This mock test series is fully aligned with the latest IC 14 syllabus and regulations from the Insurance Institute of India.
It is designed as a practice and preparation tool, best used alongside official textbooks or classroom study.
