Question

What are the primary legislations providing the legal framework for insurance accounting in India?

a.

The Companies Act, 2013

b.

The Insurance Regulatory and Development Authority Act, 1999

c.

The Insurance Act, 1938 and the IRDA Act, 1999

d.

The General Insurance Business (Nationalisation) Act, 1972

Answer: (c).The Insurance Act, 1938 and the IRDA Act, 1999 Explanation:The primary legislations providing the legal framework for insurance accounting in India are The Insurance Act, 1938, and the IRDA Act, 1999.

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Q. What are the primary legislations providing the legal framework for insurance accounting in India?

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