Question
Insurance sector in India is regulated by the provisions
of:Solution
The Insurance sector in India directed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts. An American option on the other hand may be exercised at any time before the expiration date.
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