Question
a.
It will have the authority to levy fines and penalties
b.
It will not have any authority to levy fines and penalties
c.
It will have limited authority to levy fines and penalties
d.
It will delegate the authority to levy fines and penalties to the Ombudsmen
Posted under IC 14 Regulations of Insurance Business
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What role will the Grievance Redressal Authority (GRA) play in relation to the levy of fines and penalties under the Act?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Which of the following disputes falls within the jurisdiction of the Grievance Redressal Authority (GRA)?
View solution
Q. What is the proposed geographical spread for the Grievance Redressal Authorities (GRAs)?
View solution
Q. What would be the powers and jurisdiction of the Grievance Redressal Authorities (GRAs)?
View solution
Q. How would disputes arising under the Insurance Act, 1938 be handled under the proposed setup?
View solution
Q. What provision may be made to encourage Alternate Dispute Resolution (ADR) in the proposed setup?
View solution
Q. How would the decision of the Grievance Redressal Authority (GRA) or the final decision on appeal be enforced?
View solution
Q. What would be the composition of the Grievance Redressal Authority (GRA)?
View solution
Q. How would technical members be appointed to the Grievance Redressal Authority (GRA)?
View solution
Q. What authority would be responsible for formulating rules of procedure for the Grievance Redressal Authority (GRA)?
View solution
Q. Under what circumstances can the President or Members of the GRA be removed from office?
View solution
Q. What is the jurisdiction of the Insurance Appellate Tribunal (IAT) regarding appeals?
View solution
Q. How is the composition of the Insurance Appellate Tribunal (IAT) determined?
View solution
Q. Who is responsible for making rules regarding the salaries, allowances, and other terms and conditions of service of the President and Members of the Insurance Appellate Tribunal (IAT)?
View solution
Q. Until what age will the President and Members of the Insurance Appellate Tribunal (IAT) hold office?
View solution
Q. Who is responsible for investigating allegations of misbehavior or incapacity of the President and Members of the Insurance Appellate Tribunal (IAT)?
View solution
Q. Where should the Principal Bench of the Insurance Appellate Tribunal (IAT) be located?
View solution
Q. Who will bear the expenditure for the constitution and maintenance of the Grievance Redressal Authorities (GRAs) and the Insurance Appellate Tribunals (IATs)?
View solution
Q. Who is considered a consumer?
View solution
Q. How many tiers of quasi-judicial machinery does the Consumer Protection Act, 1986 provide for the redressal of consumer complaints?
View solution
Q. What is the jurisdiction of the National Commission under the Consumer Protection Act, 1986?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!