Question

    How should disputes regarding the status of individuals

    as whole time officers or employees of an existing insurer be addressed after the appointed day? 
    A The disputes can be resolved by any local court Correct Answer Incorrect Answer
    B Individuals can resolve their disputes through arbitration without any time limit Correct Answer Incorrect Answer
    C Questions must be referred to the Central Government within two years from the appointed day, and the Government's decision will be final Correct Answer Incorrect Answer
    D All disputes are automatically resolved in favor of the individual Correct Answer Incorrect Answer
    E Disputes must be settled by the Indian insurance company without involving the Central Government Correct Answer Incorrect Answer

    Solution

    Section 7.   Transfer of service of existing employees in certain cases:  (2) If any question arises as to whether any person was a whole-time officer or employee, or as to whether any officer or employee, was employed wholly or mainly in connection with the general insurance business of the existing insurer referred to in sub-section (1) immediately before the appointed day, the question shall be referred within a period of two years from the appointed day and not thereafter to the Central Government which shall, after giving an opportunity of being heard to the person concerned in the matter, decide it in such manner as it thinks fit and such decision shall be final.

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