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Question

What does the term approved securities mean as per the Insurance Act?

A Government securities and other securities charged on the revenues of the Central Government Correct Answer Incorrect Answer
B Debentures or other securities for money issued under the authority of any Central Act by or on behalf of a port trust in any presidency-town Correct Answer Incorrect Answer
C Shares of a corporation established by law and guaranteed fully by the Central Government or the Government of a State as to the repayment of the principal and the payment of dividend Correct Answer Incorrect Answer
D All a b & c Correct Answer Incorrect Answer
E Both b & c Correct Answer Incorrect Answer

Solution

Section 2 Definitions: (iii) shares of a corporation established by law and guaranteed fully by the Central Government or the Government of a State as to the repayment of the principal and the payment of dividend.

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