Answer-As per the Insurance Act an insurer _________________

Section 31 Assets of insurer how to be kept- 1 None of the assets in India of any insurer shall, except in so far as assets are required to be vested in trustees under sub-section 7 of section 27, be kept otherwise than in the name of a public officer approved by the Authority, or in the corporate name of the undertaking, if a company or an insurance co-operative society, as the case may be.

Question

As per the Insurance Act an insurer _________________

A May be registered with any name without restrictions

B Shall not be registered if the chosen name is identical or closely resembles an existing insurer

C May be registered with a name identical to that of an existing insurer

D Can register with any name, even if it is similar to an existing insurer, as long as they are in the process of dissolution and obtain consent from the Authority

E Shall have the discretion to choose its name without any restrictions

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