Q. What are the two councils established by Section 64C of the Insurance Act, 1938?

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Q. Which section of the Insurance Act, 1938, allows members of the Life and General Insurance Councils to authorize representatives for meetings and elections?

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Q. What is the authority responsible for overseeing the Executive Committees as per Section 64E of the Insurance Act, 1938?

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Q. How many representatives of members carrying on life insurance business are elected to the Executive Committee of the Life Insurance Council, as per Section 64F(1) of the Insurance Act, 1938?

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Q. Who nominates the non-official not connected with any insurance business to the Executive Committee of the General Insurance Council, as per Section 64F(2) of the Insurance Act, 1938?

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Q. How many persons connected with general insurance business are nominated by the Authority to the Executive Committee of the General Insurance Council, as per Section 64F(2) of the Insurance Act, 1938?

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Q. In case a group of persons specified in (1) and (2) fails to elect any members of the Executive Committees of the Life Insurance Council or the General Insurance Council, who has the authority to nominate a person to fill the vacancy?

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Q. As per Section 64F(vi) of the Insurance Act, 1938, who is not entitled to vote in any matter coming up before a meeting of the Executive Committee of the Life Insurance Council or the General Insurance Council?

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Q. Who shall be the Secretary of the Executive Committee of the Life Insurance Council and the Executive Committee of the General Insurance Council, as per Section 64F(viii) of the Insurance Act, 1938?

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Q. As per Section 64H(1) of the Insurance Act, 1938, how long is the duration of the Executive Committee of the Life Insurance Council or the General Insurance Council from the date of its first meeting?

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Q. As per Section 64H(2) of the Insurance Act, 1938, what happens to the out-going members of the dissolved Executive Committee after the new Executive Committee is constituted?

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Q. According to Section 64J of the Insurance Act, 1938, what is one of the functions of the Executive Committee of the Life Insurance Council?

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Q. What is the maximum duration for which the Executive Committee of the Life Insurance Council or the General Insurance Council can exist, as per Section 64H(1) of the Insurance Act, 1938?

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Q. As per Section 64J of the Insurance Act, 1938, what role does the Executive Committee of the Life Insurance Council play in regulating insurers' conduct?

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Q. According to Section 64J of the Insurance Act, 1938, what is the Executive Committee of the Life Insurance Council authorized to do with regard to the IRDA?

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Q. What are the functions of the Executive Committee of the General Insurance Council, as per Section 64L of the Insurance Act, 1938?

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Q. According to Section 64L of the Insurance Act, 1938, what authority does the Executive Committee of the General Insurance Council have concerning the fees collected for enabling the discharge of its functions?

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Q. As per Section 64N of the Insurance Act, 1938, what powers do the Executive Committees of the Life Insurance Council and the General Insurance Council have in certain cases?

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Q. What is the primary purpose of insurance?

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Q. What is the role of IRDA in the context of insurance business in India?

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