Question

How did the IRDA Act impact existing legislation such as the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the General Insurance Business (Nationalisation) Act, 1972?

a.

It repealed them

b.

It led to amendments in these acts

c.

It had no impact on existing legislation

d.

It created conflicts between acts

Answer: (b).It led to amendments in these acts Explanation:The IRDA Act led to amendments in the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the General Insurance Business (Nationalisation) Act, 1972.

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Q. How did the IRDA Act impact existing legislation such as the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the General Insurance Business (Nationalisation)...

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