Question

What conditions must an insurer fulfill within six months for the Authority to consider reviving registration after cancellation?

a.

Settle all outstanding claims

b.

Compliance with the Companies Act

c.

Compliance with deposit provisions

d.

Winding up of the insurance company

Answer: (c).Compliance with deposit provisions Explanation:The Authority may revive the registration of an insurer if, within six months from the date of cancellation, the insurer makes the deposits as required.

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Q. What conditions must an insurer fulfill within six months for the Authority to consider reviving registration after cancellation?

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