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Which One of the Following Bodies, Has Prescribed the Regulations

Question 22

Multiple Choice

Which One of the Following Bodies, has prescribed the Regulations for Protecting the Interests of Policy- Holders, stipulating the Obligations on Both: Insurers as well as Intermediaries?


A) Life Insurance Council and General Insurance Council, Jointly.
B) Policy-Holders' Association of India (P.A.I.) .
C) Insurance Regulatory and Development Authority of India (I.R.D.A.I.)
D) Life Insurance Corporation (L.I.C.) of India and General Insurance Corporation (G.I.C.) of India, Jointly.

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