Question
a.
There are no limits on expenses of management
b.
It prohibits any expenses of management
c.
It imposes limits on expenses of management, taking into account the size and age of the insurer
d.
It allows unlimited expenses of management without any regulation
Posted under IC 89 Management Accounting
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Q. What does Section 40 (C) of the Insurance Act, 1938 provide for in relation to expenses of management in general insurance business?
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