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Question

As laid down under the Insurance Act the duration of the Executive Committee of the Life Insurance Council or the General Insurance Council is _________________

A One years from the date of its first meeting Correct Answer Incorrect Answer
B Two years from the date of its first meeting Correct Answer Incorrect Answer
C Three years from the date of its first meeting Correct Answer Incorrect Answer
D Five years from the date of its first meeting Correct Answer Incorrect Answer
E Seven years from the date of its first meeting Correct Answer Incorrect Answer

Solution

Section 64H.   Duration and dissolution of Executive Committee: (1) The duration of the Executive Committee of the Life Insurance Council or the General Insurance Council shall be three years from the date of its first meeting on the expiry of which it shall stand dissolved and a new Executive Committee constituted.

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