GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When was the General Insurance Council formed?
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1955
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1956
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1957
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1958
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Explanation:
Detailed explanation-1: -1957 saw the formation of the General Insurance Council, a wing of the Insurance Association of India. The General Insurance Council framed a code of conduct for ensuring fair conduct and sound business practices.
Detailed explanation-2: -The General Insurance Council (GI Council) is a representative body of general insurers including Stand-alone Health Insurers, Specialized Insurers, Reinsurers, Foreign Reinsurer Branches(FRBs) and Lloyd’s India, registered with IRDAI.
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