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      Question

      Consider the following statement: I. Section

      25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee. II. Insurance Advisory Committee consisting of not more than twenty members excluding the ex-officio members. III. The Chairperson and the members of the Authority shall be the ex-officio members of the Insurance Advisory Committee. Which of the above statement is/are correct about Insurance Advisory Committee?
      A I and II both Correct Answer Incorrect Answer
      B II and III both Correct Answer Incorrect Answer
      C I and III both Correct Answer Incorrect Answer
      D I only Correct Answer Incorrect Answer
      E II only Correct Answer Incorrect Answer

      Solution

      Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee consisting of not more than twenty five members excluding the ex-officio members. The Chairperson and the members of the Authority shall be the ex-officio members of the Insurance Advisory Committee.

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