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    Question

    Insurance sector in India is regulated by the provisions

    of:
    A Insurance Act, 1938 Correct Answer Incorrect Answer
    B Life Insurance Corporation Act, 1956 Correct Answer Incorrect Answer
    C Insurance Regulatory and Development Authority (IRDA) Act, 1999 Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Insurance sector in India directed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts. An American option on the other hand may be exercised at any time before the expiration date.

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