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      Question

      No insurer, as defined in section 2(9)(d), shall be

      registered unless he has ________________
      A Net owned funds of rupees five thousand crore Correct Answer Incorrect Answer
      B Net owned funds of not less than rupees five thousand crore Correct Answer Incorrect Answer
      C Gross owned funds of not less than rupees five thousand crore Correct Answer Incorrect Answer
      D Either (a) or (c) Correct Answer Incorrect Answer
      E Either (b) or (c) Correct Answer Incorrect Answer

      Solution

      Section 6 Requirements as to capital - (2) No insurer, as defined in sub-clause (d) of clause (9) of section 2, shall be registered unless he has net owned funds of not less than rupees five thousand crore

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