What are the powers which have been vested to the

Q: Answer-What are the powers which have been vested to the Authority under the Insurance Act, 1938?

section 33 -To investigate and inspect, section 34 -To issue directions, section 34C- To appoint additional directors and few others under the Act

Authority under the Insurance Act, 1938?

A By an order in writing, direct the Investigating Officer to investigate the affairs of any insurer or intermediary or insurance intermediary, as the case may be

B May issue directions to insurers generally or to any insurer in particular if it is in public interest or to secure the proper management of any insurer etc.

C May, from time to time, by order in writing, appoint, in consultation with the Central Government one or more persons to hold office as additional directors of the insurer

D All the above

E Both (b) & (c)

Practice Next

More Administrative Interpretation and Maxims Questions

District cooling system has been implemented in India for the first time at which place?
What is “C” in Berlo’s SMCR Model of communication?
Ensuring hassle-free credit availability at a cheaper rate to farmers has been the top priority of the Government of India. Accordingly, the Kisan Credi...
What method is used to calculate the Sensex and Nifty indices in India?
According to the IFSCA (Banking) Regulations 2020, what type of accounts can individual's resident in India hold with an IFSC Banking Unit?
With respect to the Direct Tax Proposal under Union Budget 2023-24, consider the following statement:

I. 45% of the returns on tax payers' port...
Which of the following estimation doesn’t date back to India’s pre-independence era?
Which ministry launched the ‘DigiClaim’ platform under the national crop insurance portal for speedy disbursal of claims to insured farmers?
What is the minimum net worth of PFRDA for pension fund managers?
Which organization has mandated custodian banks to cap intraday risk at 30% of the settlement amount for IPCs in the T+1 settlement regime?

Relevant for Exams:

OICL AO Legal

What are the powers which have been vested to the

Solution

Relevant for Exams: