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

  • google app store apple app store
  • ✖

      Question

      According to the Insurance Act an insurer shall be

      ineligible for registration unless he has ______________
      A Net owned funds amount to rupees five thousand crore Correct Answer Incorrect Answer
      B Net owned funds amount to rupees ten thousand crore Correct Answer Incorrect Answer
      C Net owned funds are not less than rupees five thousand crore Correct Answer Incorrect Answer
      D Gross owned funds are not less than rupees five thousand crore Correct Answer Incorrect Answer
      E Net owned funds are not less than rupees seven thousand crore Correct Answer Incorrect Answer

      Solution

      Section 6 Requirements as to capital - (2) No insurer, as defined in sub-clause (d) of clause (9) of section 2, shall be registered unless he has net owned funds of not less than rupees five thousand crore.

      Practice Next
      ask-question