Question

    What is the time period for which there is a bar on the

    future employment of members as per the IRDA Act, 1999?
    A No such bar Correct Answer Incorrect Answer
    B Two years from the date on which they cease to hold office as such Correct Answer Incorrect Answer
    C Five years from the date on which they cease to hold office as such Correct Answer Incorrect Answer
    D Either (b) or (c) Correct Answer Incorrect Answer
    E None of the above’ Correct Answer Incorrect Answer

    Solution

    Section 8 Bar on future employment of members - The Chairperson and the whole-time members shall not, for a period of two years from the date on which they cease to hold office as such, except with the previous approval of the Central Government, accept- (a) any employment either under the Central Government or under any State Government; or (b) any appointment in any company in the insurance sector.

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