Licentiate Examination - IC 14 - Regulation of Insurance Business Exam - Important Points
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The Life Insurance Council: it consists of all the members and associate members of the Association who carry on life insurance business in India.
The General Insurance Council: it consists of all the members and associate members of the Association who carry on general insurance business in India.
The duration of the Executive Committee of the Life Insurance Council or the General Insurance Council is three years from the date of its first meeting, on the expiry of which the Executive Committee is dissolved and a new Executive Committee is constituted.
According to Section 64J of the Insurance Act 1938, the function of the Executive Committee of the Life Insurance Council is - to aid, advise and assist insurers carrying on life insurance business in the matter of setting up standards of conduct, sound practices and rendering efficient service to holders of Life Insurance Policies
In India Multi-Modal Transportation of Goods is regulated by, Multi-Modal transporation of Goods Act of 1993, which stands amended by, the Multi-Modal transportation of goods Act of, 2000.
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