CS Professional · Banking and Insurance - Laws and Practice · General and Health Insurance
Under section 64C of the Insurance Act, 1938 as presently worded, which insurers does the General Insurance Council represent?
The General Insurance Council is a representative body of insurers carrying on general insurance, health insurance and re-insurance business. Life insurers are represented separately by the Life Insurance Council, and membership is not limited to public sector insurers or to general insurers alone.
- AOnly insurers carrying on general insurance business
- BInsurers carrying on general and health insurance business and re-insuranceCorrect
- CInsurers carrying on life and health insurance business
- DOnly public sector general insurers
Explanation
Section 64C(b) deems the existing General Insurance Council to be a representative body of insurers who carry on general, health insurance business and re-insurance. Option A omits health and re-insurance. Life insurers belong to the Life Insurance Council.
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