Question

Which of the following most accurately defines "general insurance business" as per the Insurance Act?

A General insurance business is limited to either fire or marine insurance, excluding any other types of insurance
B General insurance business includes fire, marine, and life insurance, whether carried on singly or in combination with one another
C General insurance business refers exclusively to miscellaneous insurance, excluding fire and marine insurance
D General insurance business encompasses fire, marine, or miscellaneous insurance, whether conducted individually or in combination with one or more of these types
E General insurance business pertains to any type of insurance other than fire, marine, or miscellaneous, conducted independently
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