Q. In which list of the Constitution is insurance included, granting exclusive legislative competence to the Centre?

View solution

Q. What was the first British firm established in India, marking the origins of insurance law in the country?

View solution

Q. In which year was the Bombay Mutual Life Assurance Society established, ending the extra premium charged to Indians?

View solution

Q. Which statutory measure in India regulated the life insurance business in 1912?

View solution

Q. Where did the first general insurance company, Triton Insurance Company Ltd., originate?

View solution

Q. When was the management of the life insurance business of two hundred and forty-five Indian and foreign insurers taken over by the Central Government?

View solution

Q. What legislative act granted the Life Insurance Corporation (LIC) the exclusive privilege to conduct life insurance business in India in September 1956?

View solution

Q. Under the General Insurance Business (Nationalisation) Act, 1972, what was transferred to the General Insurance Corporation (GIC) for the regulation and control of general insurance business?

View solution

Q. When did the General Insurance Corporation (GIC) commence business under the provisions of the Companies Act, 1956?

View solution

Q. How were the companies amalgamated and grouped under GIC?

View solution

Q. Which of the following is not one of the subsidiary companies of GIC?

View solution

Q. In 1993, which committee was appointed by the Government of India for opening up the insurance sector to private sector participation?

View solution

Q. When did the IRDA start issuing licenses to private life insurance companies under the Companies Act, 1950?

View solution

Q. According to current FDI norms, what is the maximum allowed foreign participation in an Indian insurance company?

View solution

Q. Which entities are considered members of the Insurance Association of India?

View solution

Q. How is the membership of insurers and provident societies incorporated or domiciled outside India classified in the Insurance Association?

View solution

Q. What are the two councils of the Insurance Association?

View solution

Q. What function does the Life Insurance Council perform through its Executive Committee?

View solution

Q. What is the role of the General Insurance Council's Executive Committee regarding actual expenses of management incurred by an insurer?

View solution

Q. Under which Act was the General Insurance Corporation of India (GIC) formed as a Government company?

View solution