Question

    As per the provisions of the IRDA Act with respect to

    the tenure of office of the chairperson and other persons, no person shall hold office as a Chairperson after he has __________________.
    A Attained the age of sixty-two year Correct Answer Incorrect Answer
    B Attained the age of sixty-five year Correct Answer Incorrect Answer
    C Attained the age of seventy year Correct Answer Incorrect Answer
    D Resigned from his respective post Correct Answer Incorrect Answer
    E Either (a) or (d) Correct Answer Incorrect Answer

    Solution

    Attained the age of sixty-five-year, Explanation: Section 5 Tenure of office of Chairperson and other members- (1) The Chairperson and every other whole-time member shall hold office for a term of five years from the date on which he enters upon his office and shall be eligible for reappointment: Provided that no person shall hold office as a Chairperson after he has attained the age of sixty-five years

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