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Question

The Insurance Advisory Committee shall consist of_______________________ as per the Insurance Act in the question

A Not less than twenty-five members excluding ex officio members Correct Answer Incorrect Answer
B Not more than twenty-five members excluding ex officio members Correct Answer Incorrect Answer
C Not more than twenty-five members including ex officio members Correct Answer Incorrect Answer
D Not more than such number of members as may be prescribed Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Not more than twenty-five members excluding ex officio members, Explanation: Section 25 Establishment of Insurance Advisory Committee- (2) The Insurance Advisory Committee shall consist of not more than twenty-five members excluding ex officio members to represent the interests of commerce, industry, transport, agriculture, consumer fora, surveyors, agents, intermediaries, organisations engaged in safety and loss prevention, research bodies and employees' association in the insurance sector

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