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Question

What is the definition of a "foreign insurer" as per the General Insurance Business (Nationalisation) Act, 1972?

A An insurer incorporated under Indian law

B An insurer incorporated under the law of any country within India

C An insurer incorporated under the law of any country outside India

D An insurer incorporated under the law of any neighboring country to India

E An insurer incorporated under the law of any state within India

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