Question

What does the Solatium Fund consist of?

a.

Contributions only from the General Insurance Industry

b.

Contributions only from the Central Government

c.

Contributions only from the State Government

d.

Contributions from the General Insurance Industry, Central Government, and State Government as decided by the Central Government.

Posted under IC 14 Regulations of Insurance Business

Answer: (d).Contributions from the General Insurance Industry, Central Government, and State Government as decided by the Central Government. Explanation:The Solatium Fund consists of contributions from the General Insurance Industry, the Central Government, and the State Government, as decided by the Central Government.

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