Question

As per the prohibition stated in section 29 of the Insurance Act, which of the following individuals or entities is not allowed to receive loans or temporary advances from an insurer?

A Policyholders
B Shareholders
C Directors, managers, actuaries, auditors, or officers of the insurer
D Employees of the insurer
E Other insurance companies
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)