📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    As per the Motor Vehicle Act an Authorised insurer needs

    to have a certificate granted by?
    A IRDAI Correct Answer Incorrect Answer
    B any registered Insurance officer Correct Answer Incorrect Answer
    C Collector Correct Answer Incorrect Answer
    D Central Government Correct Answer Incorrect Answer
    E Both a & d Correct Answer Incorrect Answer

    Solution

    S. 145. Definitions. (a) "authorised insurer" means an insurer for the time being carrying on general insurance business in India and granted a certificate of registration by the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) and any Government insurance fund authorised to do general insurance business under the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972);

    Practice Next
    More Administrative Interpretation and Maxims Questions
    ask-question