CS Professional · Banking and Insurance - Laws and Practice · General and Health Insurance
Swasthya Care Ltd. sells health insurance and also carries on re-insurance. Under the Insurance Act, 1938 text provided, which body represents it as a deemed Council?
The General Insurance Council. Section 64C deems it the representative body of insurers carrying on general insurance, health insurance and re-insurance business, so a health and re-insurance company falls under it rather than the Life Insurance Council.
- AThe Life Insurance Council
- BThe General Insurance Council, representing insurers carrying on general, health insurance and re-insurance businessCorrect
- CA separate Health Insurance Council
- DThe Authority itself
Explanation
Section 64C deems the existing General Insurance Council to be the Council for insurers who carry on general, health insurance business and re-insurance. The Life Insurance Council represents only life insurers. No separate health council is mentioned.
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