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Question

According to the Insurance Act for the purpose of Section 101A, who is responsible for constituting an Advisory Committee?

A The Authority Correct Answer Incorrect Answer
B The Central Government Correct Answer Incorrect Answer
C The President of India Correct Answer Incorrect Answer
D The Supreme Court Correct Answer Incorrect Answer
E Both the Authority and the Central Government jointly Correct Answer Incorrect Answer

Solution

Section 101B. Advisory Committee: The Authority with the previous approval of the Central Government] shall, for the purposes of section 101 A, constitute an Advisory Committee consisting of not more than five persons having special knowledge and experience of the business of insurance.

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