Question

    Which section of Insurance Act, 1938 grants power to IRDA to frame regulations?

    A Section 114A Correct Answer Incorrect Answer
    B Section 111B Correct Answer Incorrect Answer
    C Section 110A Correct Answer Incorrect Answer
    D Section 112B Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Section 114A. Power of Authority to make regulations.—(1) The Authority may, by notification in the Official Gazette, make regulations consistent with this Act and the rules made thereunder, to carry out the purposes of this Act.

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