Answer-As per the Insurance Act an insurer _________________

Section 31 Assets of insurer how to be kept- 1 None of the assets in India of any insurer shall, except in so far as assets are required to be vested in trustees under sub-section 7 of section 27, be kept otherwise than in the name of a public officer approved by the Authority, or in the corporate name of the undertaking, if a company or an insurance co-operative society, as the case may be.

Question

As per the Insurance Act an insurer _________________

A May be registered with any name without restrictions

B Shall not be registered if the chosen name is identical or closely resembles an existing insurer

C May be registered with a name identical to that of an existing insurer

D Can register with any name, even if it is similar to an existing insurer, as long as they are in the process of dissolution and obtain consent from the Authority

E Shall have the discretion to choose its name without any restrictions

Practice Next

More Administrative Interpretation and Maxims Questions

Community Development Programme was started on
The disease involves rotting of roots, bronzing of leaves, poor growth at the reproductive phase and poor yield disease in rice is due to toxicity of
Which type of microorganism is the causative agent of coccidiosis, a disease that leads to symptoms like diarrhea, unthriftiness, or even death in fowl?...
Production of first haploid plants from pollen grains of Datura (Anther culture) was done by ____
Seedlings with weak (or) unbalanced development of essential structures are referred
Which of the following element is important component of urease enzyme?
Blade hoe is primarily used for:
Which of the following is not correctly matched?
Iso - revenue line represents the
What term describes genes that enhance the survival of individuals under certain stresses or conditions?

As per the Insurance Act an insurer _________________

Solution