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    Question

    After the after the commencement of the Insurance Act, 1938 no insurer carrying on any class of insurance business in India shall after the expiry of _______________ from the commencement of this Act, continue to carry on any such business, unless he has obtained from the Authority a certificate of registration for the particular class of insurance business.

    A 30 days Correct Answer Incorrect Answer
    B 60 days Correct Answer Incorrect Answer
    C 120 days Correct Answer Incorrect Answer
    D 3 months Correct Answer Incorrect Answer
    E 6 months Correct Answer Incorrect Answer

    Solution

    Explanation: Section 3 Registration -(1) No person shall, after the commencement of this Act, begin to carry on any class of insurance business in 1[India] and no insurer carrying on any class of insurance business in India shall, after the expiry of three months from the commencement of this Act, continue to carry on any such business, unless he has obtained from the Authority a certificate of registration for the particular class of insurance business.

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