Q. What is the significance of the No Fault Liability concept?

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Q. How long is the duration of the Executive Committee of the General Insurance Council?

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Q. What is the main function of the Insurance Association of India?

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Q. What are the objectives of the Life Insurance Council's Executive Committee?

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

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Q. What is the primary purpose of insurance?

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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. 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. 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 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. 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. 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. 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. 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. 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. 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 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. 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. 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. 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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