Question

Who is required to provide a certificate regarding the full debiting of expenses of management in the Revenue Account, as per Section 40 (C)?

a.

Only the chairman

b.

Only the auditor

c.

The chairman, two directors, and the principal officer of the insurer, along with the auditor

d.

Only the principal officer of the insurer

Answer: (c).The chairman, two directors, and the principal officer of the insurer, along with the auditor Explanation:According to Section 40 (C), the chairman, two directors, and the principal officer of the insurer, along with the auditor, are required to provide a certificate regarding the full debiting of expenses of management in the Revenue Account.

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Q. Who is required to provide a certificate regarding the full debiting of expenses of management in the Revenue Account, as per Section 40 (C)?

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