Which One of the Following Statements, Is Correct

Which One of the Following Statements, is Correct?

A) The Prime Purpose of Insurance-Regulation, is, To Protect the Policy- Holders' Interests.
B) Regulations, made by Insurance Regulatory and Development Authority of India (I.R.D.A.I.) , are, to ensure that, Insurance- Companies should exist, Not as Financially Sound Organisations, but, as Socially Responsible Organisations.
C) Insurance is an Absolutely Legal Contract, in Compliance with the Provisions of Indian Contract Act and Other Laws of the Country.
D) Insurance Regulatory and Development Authority of India (I.R.D.A.I.) regulates the Companies from their Registration on- wards, and monitors All their Major Activities, like, Investments, Accounting, etc.