When was the General Insurance Council formed?
Answer: Option C
Solution(By Examveda Team)The general insurance council was formed in 1957. The General Insurance Council was established under the Indian Insurance Act 1938. It designed a code of conduct to ensure fair business practices.
A. On suspicion of suppression of facts
B. As a precaution
C. As a routine
D. For large sum assured
A. In favour of insured
B. In favour of insurer
C. The policy will be declared as void and the insurer will be asked to return the premium with interest to the insured
D. The policy will be declared as void and the insurer will be asked to return the premium to the insured without any interest