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    Question

    Which of the following most accurately defines "general insurance business" as per the Insurance Act?

    A General insurance business is limited to either fire or marine insurance, excluding any other types of insurance Correct Answer Incorrect Answer
    B General insurance business includes fire, marine, and life insurance, whether carried on singly or in combination with one another Correct Answer Incorrect Answer
    C General insurance business refers exclusively to miscellaneous insurance, excluding fire and marine insurance Correct Answer Incorrect Answer
    D General insurance business encompasses fire, marine, or miscellaneous insurance, whether conducted individually or in combination with one or more of these types Correct Answer Incorrect Answer
    E General insurance business pertains to any type of insurance other than fire, marine, or miscellaneous, conducted independently Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (6B) general insurance business means fire, marine or miscellaneous insurance business, whether carried on singly or in combination with one or more of them.

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