Question

According to the IRDA Act, 1999 the Central Government

Q: According to the IRDA Act, 1999 the Central Government shall, while appointing the Chairperson and t

AtleastonepersoneachisapersonhavingknowledgeorexperienceinlifeinsurancegeneralinsuranceoractuarialscienceExplanationSection4CompositionofAuthorityProvidedthattheCentralGovernmentshallwhileappointingtheChairpersonandthewholetimemembersensurethatatleastonepersoneachisapersonhavingknowledgeorexperienceinlifeinsurancegeneralinsuranceoractuarialsciencerespectively

shall, while appointing the Chairperson and the whole-time members, ensure that____________

A At least one person each is a person having knowledge or experience in life insurance, general insurance or actuarial science

B At least one person each is a person having knowledge and experience in life insurance, general insurance or actuarial science

C At least one person each is a person having experience of not less than 10 years in life insurance, general insurance or actuarial science

D The recommendation of CAG has been taken into account

E None of these

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According to the IRDA Act, 1999 the Central Government

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