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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 Correct Answer Incorrect Answer
B An insurer incorporated under the law of any country within India Correct Answer Incorrect Answer
C An insurer incorporated under the law of any country outside India Correct Answer Incorrect Answer
D An insurer incorporated under the law of any neighboring country to India Correct Answer Incorrect Answer
E An insurer incorporated under the law of any state within India Correct Answer Incorrect Answer

Solution

Explanation: Section 3 Definitions: (f) foreign insurer means an existing insurer incorporated under the law of any country outside India.

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