Question

The Insurance Association of India consists of _______

i. Members: All insurers that are incorporated or domiciled in India.
ii. Members: All insurers incorporated and domiciled outside India
iii. Associate members: all insurers incorporated and domiciled outside India
iv. Associate members: insurers that are incorporated or domiciled in India
Which of the following options is correct?

a.

Only i. and iii.

b.

Only i. and iv

c.

Only ii and iii

d.

Only ii and iv

Answer: (a).Only i. and iii. Explanation:According to Section 64A of the Insurance Act 1938, the Insurance Association of India consists of: 1. Members: All the insurers that are incorporated or domiciled in India. 2. Associate members: All the insurers incorporated and domiciled outside India.

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Q. The Insurance Association of India consists of _______ i. Members: All insurers that are incorporated or domiciled in India. ii. Members: All insurers incorporated and...

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