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
B II and III both
C I and III both
D I only
E II only
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