New Click here to enroll in UIICL SO Finance and Investment Course

    Register

    Question

    As per the provisions of the IRDA Act with respect to the tenure of office of the chairperson and other persons, no person shall hold office as a Chairperson after he has __________________

    A Attained the age of sixty-two year Correct Answer Incorrect Answer
    B Attained the age of sixty-five year Correct Answer Incorrect Answer
    C Attained the age of seventy year Correct Answer Incorrect Answer
    D Resigned from his respective post Correct Answer Incorrect Answer
    E Either (a) or (d) Correct Answer Incorrect Answer

    Solution

    Section 5 Tenure of office of Chairperson and other members- (1) The Chairperson and every other whole-time member shall hold office for a term of five years from the date on which he enters upon his office and shall be eligible for reappointment: Provided that no person shall hold office as a Chairperson after he has attained the age of sixty-five years

    Practice Next