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      Question

      What is the time period for which there is a bar on the

      future employment of members as per the IRDA Act, 1999?
      A No such bar Correct Answer Incorrect Answer
      B Two years from the date on which they cease to hold office as such Correct Answer Incorrect Answer
      C Five years from the date on which they cease to hold office as such Correct Answer Incorrect Answer
      D Either (b) or (c) Correct Answer Incorrect Answer
      E None of the above’ Correct Answer Incorrect Answer

      Solution

      Section 8 Bar on future employment of members - The Chairperson and the whole-time members shall not, for a period of two years from the date on which they cease to hold office as such, except with the previous approval of the Central Government, accept- (a) any employment either under the Central Government or under any State Government; or (b) any appointment in any company in the insurance sector.

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