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Question

Authority under the IRDA Act means_______________

A Insurance Regulatory Development Authority Correct Answer Incorrect Answer
B Insurance Regulatory or Development Authority Correct Answer Incorrect Answer
C Insurance Regulatory and Development Authority Correct Answer Incorrect Answer
D Insurance Authority by whatever name it may be called Correct Answer Incorrect Answer
E Either of the above Correct Answer Incorrect Answer

Solution

Insurance Regulatory and Development Authority, Explanation: Section 2(b) "Authority" means the Insurance Regulatory and Development Authority 1[of India] established under sub-section (1) of section 3.

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