CMA Final · Risk Management in Banking and Insurance · Concept and Types of Health Insurance Policies
Under the Insurance Act, 1938 as reproduced, which body is described as a representative body of insurers who carry on general, health insurance business and re-insurance in India?
The General Insurance Council is the representative body of insurers carrying on general, health insurance and re-insurance business in India, as stated in Section 64C. The Life Insurance Council represents only insurers doing life insurance business, so it does not cover health insurers.
- ALife Insurance Council
- BGeneral Insurance CouncilCorrect
- CExecutive Committee of the Life Insurance Council
- DInsurance Information Bureau
Explanation
Section 64C describes the General Insurance Council as the representative body of insurers carrying on general, health insurance business and re-insurance. The Life Insurance Council represents only life insurers, so it is wrong.
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