Hi The question is List regulatory restrictions that could be applied to a general insurance market, briefly explaining the reason for each. Should we aim at a list of 12 points and their corresponding reason or would the examiner expect a list of 24 points?
Take a look at ST7, April 2018 Q7. Pretty much the same question, and there you have the schedule which shows that the first of your approaches would have been the one to go for.
