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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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