New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Life Insurance Companies Act was passed in which

    year?
    A 1919 Correct Answer Incorrect Answer
    B 1912 Correct Answer Incorrect Answer
    C 1900 Correct Answer Incorrect Answer
    D 1902 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In the year 1912, the Life Insurance Companies Act, and the Provident Fund Act were passed. The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary.

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