Question
According to the Insurance Act when Administrator for
management of insurance business may be appointed by the Authority?Solution
Insurer carrying on life insurance business is acting in a manner likely to be prejudicial to the interests of holders of life insurance policies, Explanation: Section 52A When Administrator for management of insurance business may be appointed. --(1) If at any time the Authority has reason to believe that an insurer carrying on life insurance business is acting in a manner likely to be prejudicial to the interests of holders of life insurance policies, it may, after giving such opportunity to the insurer to be heard appoint an Administrator to manage the affairs of the insurer under the direction and control of the Authority
What penalty amount did RBI impose on Indian Bank for regulatory non-compliance in 2025?
Which organization approved American Express's new campus in Gurugram?
_______________ has signed United Nations supported Principles for Responsible Investment (UNPRI) demonstrating its commitment towards Environment, Soci...
The Oxford Bookstore Book Cover Prize recognized Bhavi Mehta for her design of which book?
Why did RBI impose a penalty of Rs 10,000 each on Bank of America, N.A. and HDFC Bank Ltd.?
The International Cricket Council (ICC) has imposed a five-year period of ineligibility on which West Indies player for breaching multiple anti-corrupti...
Who has been appointed as the new Prime Minister of Kuwait as of 2024?
Which solar park in Karnataka currently has a capacity of 2,050 MW and may support expansion under the GAIL MoU?
NCPCR To Celebrate Elimination of Child Labour Week During _______?
Under the Revised SHAKTI Policy, how long can power producers access coal through Window-II?