Which of the following is the predecessor of the IRDA Act, 1999?
The Insurance Act, 1938 is the foundational principal legislation and statutory predecessor governing the regulation and supervision of the insurance sector in India prior…
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Which of the following is the predecessor of the IRDA Act, 1999?
Answer and explanation
Correct answer A
The Insurance Act, 1938 is the foundational principal legislation and statutory predecessor governing the regulation and supervision of the insurance sector in India prior to the enactment of the Insurance Regulatory and Development Authority (IRDA) Act, 1999.
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UGC NET Commerce