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Question

What is the objective with which the Insurance Advisory Committee is established under section 25 of the IRDA Act?

A To advise the Authority on matters relating to the making of the regulations Correct Answer Incorrect Answer
B To advise the Authority on matters relating to the making of the regulations under section 26 Correct Answer Incorrect Answer
C To establish the Authority on the recommendation of the Central Government Correct Answer Incorrect Answer
D To keep a check and monitor the working of the Authority under the Act Correct Answer Incorrect Answer
E Either (a) or (d) Correct Answer Incorrect Answer

Solution

To advise the Authority on matters relating to the making of the regulations under section 26, Explanation: Section 25 Establishment of Insurance Advisory Committee- (4) The objects of the Insurance Advisory Committee shall be to advise the Authority on matters relating to the making of the regulations under section 26

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