Insurance is legislated by:
A. Insurance Company
B. State Government
C. Central Government
D. Reserve Bank of India
Answer: Option C
Solution(By Examveda Team)
Insurance is legislated by Central Government. Insurance in India covers both, public and private sector organisations. It is listed in the Seventh Schedule as a Union List subject in the Constitution of India. It can only be legislated by the Central government.Related Questions on Insurance
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