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Question
Insurance companies in India are regulated by the _______.
Insurance companies in India are regulated by the _______.
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Solution
The correct option is B IRDA
Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance in the country in terms of the IRDA Act, 1999. IRDA shall have the duty to regulate, promote and ensure an orderly growth of the insurance business and reinsurance business.
Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance in the country in terms of the IRDA Act, 1999. IRDA shall have the duty to regulate, promote and ensure an orderly growth of the insurance business and reinsurance business.
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