Question
What is the composition of the Insurance Advisory
Committee, and what interests do its members represent?Solution
Explanation: IRDA ActSection 25 Establishment of Insurance Advisory Committee: (2) The Insurance Advisory Committee shall consist of not more than twenty-five members excluding ex officio members to represent the interests of commerce, industry, transport, agriculture, consumer fora, surveyors, agents, intermediaries, organisations engaged in safety and loss prevention, research bodies and employees' association in the insurance sector.
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