The IC 14 Regulation of Insurance Business mock test gives you 100 MCQs in exact III Licentiate exam format. You need 60 correct answers out of 100 to pass. No negative marking applies. This free IC 14 mock test on sarkariexam.center covers all 10 chapters of the IC 14 syllabus. Topics include IRDAI functions, Insurance Act 1938, IRDAI licensing, policyholder protection regulations, AML and KYC compliance, ULIP rules, Insurance Ombudsman jurisdiction, dispute resolution through GRA, solvency margin norms, and international insurance regulation trends. Candidates preparing for the III Licentiate exam use IC 14 practice tests to build chapter wise accuracy and reach the 60 percent passing mark with a safe scoring buffer.
IC 14 Regulation of Insurance Business Exam Pattern
The IC 14 is a 100-mark MCQ paper conducted by the Insurance Institute of India (III) in online computer based mode. The exam runs for exactly 120 minutes. Every question carries 1 mark. You do not lose marks for wrong answers. Candidates must score 60 marks to pass and earn 20 credit points toward the Licentiate certificate. IC 14 Regulation of Insurance Business is an optional paper, and both Life Insurance and General Insurance Licentiate candidates can attempt it. The paper appears in the exam schedule 4 times a year, in March, May, September, and November. Knowing this exam pattern before starting IC 14 chapter wise mock test practice helps you set the right time per question target of 72 seconds.
| Exam Parameter | Details |
|---|---|
| Paper Name | IC 14 Regulation of Insurance Business |
| Conducting Body | Insurance Institute of India (III) |
| Exam Level | III Licentiate (Entry Level) |
| Subject Type | Optional, common to Life and General Insurance streams |
| Total Questions | 100 MCQs with 4 answer choices each |
| Total Marks | 100 marks, 1 mark per question |
| Pass Marks | 60 out of 100 (60 percent) |
| Exam Duration | 2 Hours (120 Minutes) |
| Negative Marking | None |
| Credit Points on Passing | 20 Credit Points |
| Exam Mode | Online Computer-Based Test |
| Exam Frequency | 4 times a year |
IC 14 Position in the III Licentiate Exam Structure
IC 14 Regulation of Insurance Business is the most widely chosen optional paper in the III Licentiate exam. This is because it applies to both Life and General Insurance candidates, making it the most flexible optional subject in the programme. To earn the Licentiate certificate, candidates need a minimum of 60 credit points. Life Insurance candidates take IC 01 plus IC 02 plus IC 14 for the full 60 credit points. General Insurance candidates take IC 01 plus IC 11 plus IC 14 for the same total. Sashi Publications, top4sure.in, ambitiousbaba.com, and gurukulonroad.com all confirm that IC 14 Regulation of Insurance Business mock tests are the most searched IC mock tests after IC 01 practice tests.
| Paper Code | Subject | Paper Type | Credit Points | Applicable Stream |
|---|---|---|---|---|
| IC 01 | Principles of Insurance | Compulsory | 20 | Life and General Both |
| IC 02 | Practice of Life Insurance | Compulsory | 20 | Life Insurance Only |
| IC 11 | Practice of General Insurance | Compulsory | 20 | General Insurance Only |
| IC 14 | Regulation of Insurance Business | Optional | 20 | Life and General Both |
| IC 22 | Life Insurance Underwriting | Optional | 20 | Life Insurance Only |
| IC 57 | Fire and Consequential Loss Insurance | Optional | 20 | General Insurance Only |
IC 14 Syllabus: All 10 Chapters with Key Exam Topics
The IC 14 Regulation of Insurance Business syllabus covers exactly 10 chapters as prescribed by the Insurance Institute of India. Every chapter in the IC 14 study material maps directly to IRDAI regulations, specific sections of the Insurance Act 1938, and compliance rules that appear as direct MCQ questions in the III Licentiate exam. Candidates who score above 75 in IC 14 mock tests consistently report focusing 70 percent of their study time on Chapters 2, 5, 7, and 8. The remaining 6 chapters carry balanced weightage and together contribute roughly 50 questions.
Chapter 1: Development of Insurance Legislation in India
Chapter 1 tests knowledge of how insurance regulation evolved in India from pre independence through the IRDA Act 1999. Questions from this chapter focus on the Insurance Act 1938 as the primary legislation, the role of the Controller of Insurance before IRDAI was formed, the nationalisation of life insurance in 1956 with the formation of LIC, and the nationalisation of general insurance in 1972 under GIC. The liberalisation of the insurance sector through the IRDA Act 1999 and the opening of the sector to private insurers also appears as a frequently asked IC 14 model question paper topic. This chapter contributes approximately 8 to 10 questions in a full IC 14 practice test.
Chapter 2: IRDAI Functions and Insurance Councils
IRDAI questions carry the highest individual weightage in the IC 14 Regulation of Insurance Business exam, contributing 12 to 15 questions. IRDAI, the Insurance Regulatory and Development Authority of India, was established under the IRDA Act 1999 and has its headquarters in Hyderabad. Its composition includes 1 Chairperson, 5 whole time members, and 4 part time members, totalling 10 members.
IRDAI functions include granting registration to insurers, protecting policyholder interests, promoting efficiency in the insurance sector, and regulating investment of insurance funds. Section 64C of the Insurance Act 1938 establishes the Life Insurance Council, while Section 64F establishes the General Insurance Council. The IAI, Insurance Association of India, advises and assists insurers in setting conduct standards and serves policyholder interests. The TAC, Tariff Advisory Committee, controls tariffs for general insurance products under Section 64U of the Insurance Act 1938. Memorise all these bodies, their founding sections, and their specific roles because IC 14 chapter wise questions from this topic appear in every exam sitting.
Chapter 3: IRDAI Licensing Functions
IRDAI licensing questions in the IC 14 mock test focus on minimum capital requirements, foreign equity caps, and agent renewal rules. Life insurers and general insurers both require a minimum paid up capital of Rs. 100 crore for registration under IRDAI. Reinsurers need a higher minimum capital of Rs. 200 crore. The current foreign equity cap in Indian insurance companies stands at 74 percent. Insurance agent licences require renewal every 3 years under the IRDAI (Licensing of Insurance Agents) Regulations 2000. IC 14 important questions from this chapter regularly test candidates on the exact capital figures and the conditions under which IRDAI can cancel a registration.
Chapter 4: Regulations on Conduct of Business Part 1
Chapter 4 covers IRDAI guidelines for insurance advertisements, disclosures, and policy document delivery. The IRDAI (Insurance Advertisements and Disclosure) Regulations 2000 require all advertisements to present a correct and balanced picture of the product for policyholders. Insurers must deliver policy documents within 15 days of accepting a proposal. IC 14 exam questions from this chapter test whether candidates know the mandatory content of policy documents and the prohibition on misleading premium quotes and benefit illustrations. This chapter contributes 8 to 10 questions in any IC 14 model question paper.
Chapter 5: Regulations on Conduct of Business Part 2
Chapter 5 is among the 4 highest priority chapters in IC 14 because it covers ULIP regulations, micro insurance rules, and AML compliance together. ULIP, Unit Linked Insurance Plan, has a mandatory lock in period of 5 years under IRDAI regulations. The minimum death benefit in a ULIP is 105 percent of total premiums paid. The maximum reduction in yield for ULIP plans of 10 years and above is 2.25 percent.
For ULIP entry age below 45 years, the required premium equals 10 times the annualised premium or 0.5 multiplied by T multiplied by the annualised premium, whichever is higher. For entry age above 45 years, the required premium equals 7 times the annualised premium or 0.25 multiplied by T multiplied by the annualised premium, whichever is higher. Micro insurance products have a maximum sum assured of Rs. 2 lakh for life cover and Rs. 30,000 for general insurance covers. AML or AML rules require KYC verification for all customers paying premiums above Rs. 50,000.
Smurfing refers to the practice of splitting large amounts into smaller deposits across multiple accounts to avoid detection and cash transaction reporting thresholds. Cash Transaction Reports or CTRs go to FIU-IND, the Financial Intelligence Unit of India, within 15 days of the end of each calendar month. Suspicious Transaction Reports or STRs go to FIU-IND within 7 days of a suspicion arising. FATF, the Financial Action Task Force, monitors global AML compliance and India participates in FATF as a member country. IC 14 Regulation of Insurance Business chapter wise questions from this topic test exact figures, so candidates must memorise all numbers listed above.
Chapter 6: Assignment, Nomination, and Transfer of Policies
Section 38 and Section 39 of the Insurance Act 1938 govern assignment and nomination, and both sections generate direct MCQ questions in IC 14 online practice tests. Also Section 38 covers the assignment and transfer of insurance policies. Section 39 covers the nomination of policyholders in life insurance contracts. The person who assigns a policy is the Assignor. The person to whom the policy is assigned is the Assignee. An absolute assignment transfers all policy rights to the Assignee permanently. A conditional assignment transfers rights only under specified conditions. A minor cannot be an absolute nominee. If a minor is named as nominee, the policyholder must appoint a guardian in the same nomination form. These IC 14 important questions with answers on nomination and assignment appear in 8 to 10 MCQs per exam sitting.
Chapter 7: Protection of Policyholder Interests
IRDAI (Policyholders’ Interests) Regulations 2002 is the single most tested regulation in the entire IC 14 Regulation of Insurance Business exam. At least 10 to 12 questions in every IC 14 mock test trace directly back to this regulation. The free look period for regular policies is 15 days from the date the policyholder receives the policy document.
Policies sold through distance marketing carry a 30-day free look period. Insurers must acknowledge all proposals within 15 days. Insurers must settle claims within 30 days of receiving all required documents. Section 45 of the Insurance Act 1938 protects policyholders by preventing insurers from repudiating any life policy after 3 years, even on grounds of fraud or non disclosure. Survival benefit payments cannot extend beyond the due date without written consent from the policyholder. Candidates who skip IC 14 free mock test questions from this chapter consistently report scoring below the 60-mark pass threshold in the actual III Licentiate exam.
Chapter 8: Dispute Resolution Mechanism
The Insurance Ombudsman, GRA, Consumer Protection Act, and MACT together generate 10 to 12 questions in any IC 14 practice test, making Chapter 8 the second highest question contributor in the paper. Insurance Ombudsman offices across India handle policyholder complaints up to Rs. 30 lakh per complaint. India currently has 17 Insurance Ombudsman offices operating in major cities.
Policyholders must file their Ombudsman complaint within 1 year of the insurer issuing a final reply. GRA, the Grievance Redressal Authority, has no jurisdiction over marine insurance disputes. GRA also has no jurisdiction over third party motor vehicle cases because MACT, the Motor Accident Claims Tribunal, handles those. Consumer forums treat insurance as a service under the Consumer Protection Act, allowing policyholders to file complaints in District, State, or National Consumer Commissions. Lok Adalat provides an alternative dispute resolution route where awards are binding on both parties. These IC 14 chapter wise questions on dispute resolution test specific jurisdiction limits, so candidates must know the exact Rs. 30 lakh Ombudsman ceiling and the 17 office count.
Chapter 9: Financial Regulatory Aspects including Solvency and Investments
Chapter 9 tests solvency margin rules and investment norms prescribed by IRDAI for both life and general insurers. All insurers must maintain a solvency ratio of at least 1.5 as required by IRDAI. Life insurers must invest a minimum of 50 percent of their funds in government securities and approved instruments. PLI, Postal Life Insurance, has all its accounting and financial figures consolidated at the CAG, the Comptroller and Auditor General of India. LIC has foreign collaboration branches operating in Mauritius, Fiji, Sri Lanka, Nepal, Kenya, and Bahrain. IC 14 model question paper questions from this chapter focus on exact solvency ratios, investment percentages, and country specific LIC presence.
Chapter 10: International Trends in Insurance Regulation
Chapter 10 carries the lowest weightage in the IC 14 exam but contributes 5 to 7 easy marks that candidates should not lose. IAIS, the International Association of Insurance Supervisors, sets global Insurance Core Principles or ICPs that member countries adopt. Solvency II is the EU based risk sensitive solvency framework used across European insurance markets. Lloyd’s of London is the world’s oldest specialist insurance and reinsurance market. FATF, the Financial Action Task Force, oversees global AML standards that directly link to the AML questions in Chapter 5. Spending 30 minutes on this chapter before attempting an IC 14 Regulation of Insurance Business full mock test secures these 5 to 7 marks reliably.
IC 14 Chapter Wise Question Weightage in Mock Test
This table shows the approximate question count for each chapter based on IC 14 model question papers published by the Insurance Institute of India and memory based questions shared by candidates who sat the actual exam. Use this distribution to decide how much daily practice time to allocate to each chapter in your IC 14 mock test preparation schedule.
| Chapter | Topic | Expected Questions | Weightage | Preparation Priority |
|---|---|---|---|---|
| 1 | Insurance Legislation and History | 8 to 10 | 8 to 10 percent | Medium |
| 2 | IRDAI Functions and Insurance Councils | 12 to 15 | 12 to 15 percent | High |
| 3 | IRDAI Licensing Functions | 10 to 12 | 10 to 12 percent | High |
| 4 | Conduct of Business Part 1 | 8 to 10 | 8 to 10 percent | Medium |
| 5 | Conduct of Business Part 2: ULIP, AML, Micro-Insurance | 10 to 12 | 10 to 12 percent | High |
| 6 | Assignment, Nomination, and Transfer | 8 to 10 | 8 to 10 percent | Medium |
| 7 | Protection of Policyholder Interests | 10 to 12 | 10 to 12 percent | High |
| 8 | Dispute Resolution: Ombudsman, GRA, Consumer Forum | 10 to 12 | 10 to 12 percent | High |
| 9 | Financial Regulation: Solvency and Investments | 8 to 10 | 8 to 10 percent | Medium |
| 10 | International Trends in Insurance Regulation | 5 to 7 | 5 to 7 percent | Low |
IC 14 Key Facts Table: Numbers and Sections to Memorise
Every number and section reference in this table has appeared directly as an MCQ answer option in IC 14 Regulation of Insurance Business exam papers. Getting any of these wrong costs easy marks that a prepared candidate should never lose. Review this table in the last 30 minutes before your actual exam.
| Fact or Rule | Answer to Memorise | Source Chapter |
|---|---|---|
| IC 14 pass marks | 60 out of 100 | Exam Info |
| IC 14 credit points | 20 Credit Points | Exam Info |
| IRDAI headquarters city | Hyderabad | Chapter 2 |
| IRDAI total members | 10 members: 1 Chair, 5 whole time, 4 part time | Chapter 2 |
| Section 64C of Insurance Act 1938 | Life Insurance Council | Chapter 2 |
| Section 64F of Insurance Act 1938 | General Insurance Council | Chapter 2 |
| Section 64U of Insurance Act 1938 | Tariff Advisory Committee (TAC) | Chapter 2 |
| Minimum capital for life insurer | Rs. 100 crore | Chapter 3 |
| Minimum capital for general insurer | Rs. 100 crore | Chapter 3 |
| Minimum capital for reinsurer | Rs. 200 crore | Chapter 3 |
| Foreign equity cap in insurance | 74 percent | Chapter 3 |
| Agent licence renewal period | Every 3 years | Chapter 3 |
| ULIP lock in period | 5 years | Chapter 5 |
| ULIP minimum death benefit | 105 percent of total premiums paid | Chapter 5 |
| ULIP MRY for 10 year plus plans | 2.25 percent | Chapter 5 |
| CTR submission deadline to FIU-IND | Within 15 days of month end | Chapter 5 |
| STR submission deadline to FIU-IND | Within 7 days of suspicion arising | Chapter 5 |
| Micro insurance max sum assured (life) | Rs. 2 lakh | Chapter 5 |
| Micro insurance max sum assured (general) | Rs. 30,000 | Chapter 5 |
| Section 38 of Insurance Act 1938 | Assignment and Transfer of Policy | Chapter 6 |
| Section 39 of Insurance Act 1938 | Nomination by Policyholder | Chapter 6 |
| IRDAI Policyholders Interests Regulations year | 2002 | Chapter 7 |
| Free look period for regular policy | 15 days | Chapter 7 |
| Free look period for distance marketing | 30 days | Chapter 7 |
| Claim settlement timeline after documents | 30 days | Chapter 7 |
| Section 45 non repudiation trigger period | 3 years | Chapter 7 |
| Insurance Ombudsman complaint ceiling | Rs. 30 lakh | Chapter 8 |
| Number of Ombudsman offices in India | 17 | Chapter 8 |
| Ombudsman complaint filing deadline | Within 1 year of insurer final reply | Chapter 8 |
| GRA has no jurisdiction over | Marine insurance and third party motor cases | Chapter 8 |
| Solvency ratio minimum for all insurers | 1.5 | Chapter 9 |
| PLI financial consolidation authority | CAG (Comptroller and Auditor General) | Chapter 9 |
| LIC foreign collaboration countries | Mauritius, Fiji, Sri Lanka, Nepal, Kenya, Bahrain | Chapter 9 |
| Global insurance regulator body | IAIS (International Association of Insurance Supervisors) | Chapter 10 |
| EU insurance solvency framework | Solvency II | Chapter 10 |
How to Pass IC 14 Regulation of Insurance Business in First Attempt
Candidates who pass the IC 14 Regulation of Insurance Business exam on the first attempt follow a 3-phase structured approach. This strategy works for both full time insurance employees sitting the Licentiate exam as a mandatory qualification and for new recruits who need the certificate before their probation period ends. Top4sure.in and pass4sure.in both note that candidates who focus only on broad reading without attempting IC 14 mock tests regularly score below 55 in their first attempt.
Phase 1: Diagnostic Test on Day 1
Attempt the full 100-question IC 14 mock test before reading any study material. Your first diagnostic score shows exactly which chapters need the most attention. Most candidates score between 35 and 50 in this first IC 14 free online test attempt. That score is expected and useful. It gives you a personalised map of weak chapters that a generic study plan cannot provide.
Phase 2: Chapter Wise Study from Day 2 to Day 12
Spend 1 day per chapter using the IC 14 textbook published by the Insurance Institute of India. Allocate 2 full days each to Chapters 2, 5, 7, and 8 because these carry the highest IC 14 question count. Use the key facts table above to track all section numbers, regulation years, and exact figures as you read. Attempt a short 20-question IC 14 chapter wise mock test at the end of each study day. Aurum Institute of Insurance, Banking and Finance in Indore and platforms like insurancegurukul.com suggest completing at least 1 chapter wise test before moving to the next chapter.
Phase 3: Full Mock Tests and Last Day Revision from Day 13 to Exam Day
Attempt at least 3 full IC 14 Regulation of Insurance Business mock tests during this phase. Target a score of 75 or above in each practice test before sitting the actual exam. That 15-mark buffer protects you when unfamiliar questions appear on exam day. Use the last day only to revise the IC 14 key facts table and revisit your 2 weakest chapters. Do not read new content on the last day. Since no negative marking exists, attempt all 100 questions in the actual exam. A blank answer scores zero. A guess answer gives a 25 percent chance of earning 1 mark.
7 Mistakes That Cause Candidates to Fail IC 14 Exam
These 7 mistakes consistently push IC 14 exam scores below the 60-mark pass threshold. Each mistake is preventable with targeted IC 14 mock test practice before the actual exam.
- Confusing Section 38 with Section 39. Section 38 covers Assignment and Transfer. Section 39 covers Nomination. Reverse answer trap questions on these 2 sections appear in nearly every IC 14 exam sitting.
- Writing 125 percent for ULIP minimum death benefit. The correct figure is 105 percent of total premiums paid. The 125 percent figure belongs to a different ULIP premium calculation, not the minimum death benefit rule.
- Selecting Rs. 20 lakh for the Insurance Ombudsman limit. The current ceiling is Rs. 30 lakh. The outdated Rs. 20 lakh figure appears as a deliberate trap option in current IC 14 model question papers.
- Choosing GRA for marine insurance disputes. GRA has no jurisdiction over marine insurance. Any answer assigning GRA jurisdiction over marine cases is wrong.
- Mixing up CTR and STR submission timelines. CTR goes to FIU-IND within 15 days of month end. STR goes within 7 days of suspicion arising. These different timelines trap candidates who memorise only 1 figure.
- Ignoring Chapter 10 entirely. The 5 to 7 questions from Chapter 10 are among the easiest marks in the paper. IAIS, Solvency II, and FATF definitions take 30 minutes to read and reliably appear in IC 14 Regulation of Insurance Business exam papers.
- Leaving questions blank. IC 14 has no negative marking. Every unanswered question throws away a free chance at 1 mark. Even guessing on the last 10 questions statistically earns 2 to 3 additional marks.
IC 14 Mock Test Score Interpretation Guide
Use this score guide after every IC 14 online practice test to decide your next preparation step. Your mock test score directly predicts your pass probability in the actual Insurance Institute of India Licentiate exam.
| Score Range | Exam Readiness | Recommended Action |
|---|---|---|
| 80 to 100 | Fully ready to pass IC 14 | Revise the key facts table only. Book your exam date. |
| 70 to 79 | Ready with minor chapter gaps | Revisit your 2 weakest chapters. Take 1 more full mock test. |
| 60 to 69 | Borderline: real risk of failing actual exam | Take 2 more full IC 14 mock tests. Target 75 before booking the exam. |
| 45 to 59 | Below pass mark: not ready | Return to the IC 14 textbook. Dedicate 5 more days to weak chapters. |
| Below 45 | Needs full syllabus coverage from the start | Restart from Chapter 1. Set aside a minimum of 15 preparation days. |
IC 14 Mock Test Versus Other Preparation Methods
IC 14 mock tests give the highest return on preparation time compared to any other study method for the Licentiate exam. This comparison helps candidates allocate their limited daily study hours correctly.
| Preparation Method | Time Required | Effectiveness for IC 14 | Best Use Case |
|---|---|---|---|
| III IC 14 Textbook full reading | 15 to 20 days | High for conceptual understanding | First time candidates building base knowledge |
| IC 14 Full Mock Test (100 MCQs) | 2 hours per attempt | Highest: matches actual exam exactly | All candidates, especially 7 to 10 days before exam |
| IC 14 Chapter Wise Practice Tests | 30 minutes per chapter | High for targeted weak chapter revision | After textbook reading; before full mock tests |
| Memory based IC 14 questions from forums | 2 to 3 hours | Medium: covers actual recurring questions | Supplementary practice 2 days before exam |
| Key facts table revision only | 1 hour | Medium: secures high frequency data point marks | Last day revision only |
Other III Licentiate Mock Tests to Practice Alongside IC 14
Candidates who pass IC 14 Regulation of Insurance Business also prepare these related Licentiate mock tests to complete the full 60 credit points.
- IC 01 Mock Test: Principles of Insurance (Compulsory for Life and General both)
- IC 02 Mock Test: Practice of Life Insurance (Compulsory for Life stream)
- IC 11 Mock Test: Practice of General Insurance (Compulsory for General stream)
- IC 22 Mock Test: Life Insurance Underwriting (Optional for Life stream)
- IC 38 Mock Test: Insurance Agency Operations (Agent certification)
- IC 57 Mock Test: Fire and Consequential Loss Insurance (Optional for General stream)
Frequently Asked Questions About IC 14 Mock Test
IC 14 is Regulation of Insurance Business, an optional paper in the III Licentiate exam conducted by the Insurance Institute of India. It tests knowledge of IRDAI functions and powers, Insurance Act 1938 sections, IRDAI licensing rules, policyholder protection under IRDAI regulations, AML and KYC compliance for insurance companies, ULIP rules, Insurance Ombudsman jurisdiction, dispute resolution through GRA and Consumer Forums, solvency margin requirements, and international insurance regulatory bodies like IAIS and FATF. Passing IC 14 earns 20 credit points. The Licentiate certificate requires a minimum of 60 credit points.
The IC 14 mock test on sarkariexam.center contains exactly 100 MCQs, identical to the actual III Licentiate exam. Each question has 4 options. The timer runs for 120 minutes. There is no negative marking. Attempt all 100 questions because unanswered questions score zero, while guessed answers give a 25 percent scoring chance.
Candidates need exactly 60 marks out of 100 to pass IC 14. This 60 percent pass mark applies to all III Licentiate papers without exception. Score 70 or above in IC 14 mock test practice before sitting the actual exam. That 10-mark buffer covers unexpected questions and time pressure on exam day.
IC 14 is not compulsory. It is an optional paper. The 2 compulsory papers are IC 01 Principles of Insurance and either IC 02 or IC 11 depending on whether you work in Life or General Insurance. Most candidates choose IC 14 as their optional paper because it applies to both streams and covers regulation topics directly relevant to real insurance work.
The 4 highest weightage chapters are Chapter 2 IRDAI Functions, Chapter 5 Conduct of Business covering ULIP and AML, Chapter 7 Protection of Policyholder Interests, and Chapter 8 Dispute Resolution. These 4 chapters together contribute 42 to 51 questions in a 100-mark IC 14 exam paper. Give these chapters double the preparation time compared to Chapters 1, 4, 6, 9, and 10 when you plan your IC 14 Regulation of Insurance Business mock test study schedule.
