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Question

As per the provisions of the IRDA Act with respect to the tenure of office of the chairperson and other persons, no person shall hold office as a Chairperson after he has __________________

A Attained the age of sixty-two year Correct Answer Incorrect Answer
B Attained the age of sixty-five year Correct Answer Incorrect Answer
C Attained the age of seventy year Correct Answer Incorrect Answer
D Resigned from his respective post Correct Answer Incorrect Answer
E Either (a) or (d) Correct Answer Incorrect Answer

Solution

Section 5 Tenure of office of Chairperson and other members- (1) The Chairperson and every other whole-time member shall hold office for a term of five years from the date on which he enters upon his office and shall be eligible for reappointment: Provided that no person shall hold office as a Chairperson after he has attained the age of sixty-five years

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