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Question

Under the IRDA Act the Insurance Advisory Committee shall consist of_____________________

A At least ten members including ex officio members Correct Answer Incorrect Answer
B Not more than twenty-five members excluding ex officio members Correct Answer Incorrect Answer
C Not less than twenty-five members excluding ex officio members Correct Answer Incorrect Answer
D As the Central Government may in its discretion decide Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Not more than twenty-five members excluding ex officio members, Explanation: Section 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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