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      Question

      Which of the following entities qualifies as an

      "insurer" according to the Insurance Act?
      A An Indian Insurance Company, a statutory body established by an Act of Parliament, and a foreign company engaged in health insurance through a branch in India Correct Answer Incorrect Answer
      B An insurance co-operative society, a foreign company engaged in life insurance, and a statutory body established by an Act of Parliament to carry on insurance business Correct Answer Incorrect Answer
      C An Indian Insurance Company, a statutory body established by an Act of Parliament to carry on insurance business, an insurance co-operative society, and a foreign company engaged in re-insurance business through a branch established in India Correct Answer Incorrect Answer
      D An insurance co-operative society, a foreign company engaged in general insurance, and a statutory body established by an Act of Parliament to carry on insurance business Correct Answer Incorrect Answer
      E A foreign company engaged in general insurance, a statutory body established by an Act of Parliament, and an Indian Insurance Company engaged in life insurance Correct Answer Incorrect Answer

      Solution

      Section 2 Definitions (9) insurer means-- (a) an Indian Insurance Company, or (b) a statutory body established by an Act of Parliament to carry on insurance business, or (c) an insurance co-operative society, or (d) a foreign company engaged in re-insurance business through a branch established in India.

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