III IC-14 Practice Questions - III IC-14 Regulations Of Insurance Business (Insurance Institute Of India) Exam

Which legislation is widely regarded as the first comprehensive statute to regulate insurance business in India?

The Indian Life Assurance Companies Act, 1912 alone (life-only precursor) The Insurance Act, 1938 The IRDAI Act, 1999 The Consumer Protection Act, 2019

Correct Answer:

The Insurance Act, 1938

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