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Question: The __________, has allowed cooperative societies to carry on insurance business.

Options:

  1.  Insurance (amendment) Act,2000
  2.  Insurance (amendment) Act,2001
  3.  Insurance (amendment) Act,2002
  4.  Insurance (amendment) Act,2003

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3. Insurance (amendment) Act, 2002

The Insurance (amendment) Act, 2002 has allowed cooperative societies to carry on insurance business.


More information:

General  Insurance  Business (Nationalisation) Amendment  Act,  2002 is  a act (No. 40) passed to amend the General Insurance Business (Nationalisation) Act, 1972. It was passed on 7th August, 2002.

It was enacted by Parliament in the 53rd year of the Republic of India.

The Insurance (amendment) Act, 2002 has allowed cooperative societies to carry on insurance business.

Read more at GICofIndia.com

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