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Question: In India, __________ controls and regulate the rates, advantages, terms and conditions that may be offered by insures in respect of general insurance business relating to marine (hull), motor, engineering and workmen compensation.

Options:

  1.  IRDA
  2.  TAC
  3.  GIC
  4.  LIC

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2. TAC

In India, TAC controls and regulate the rates, advantages, terms and conditions that may be offered by insures in respect of general insurance business relating to marine (hull), motor, engineering and workmen compensation.


More information:

Traffic Advisory Committee [TAC] is the statutory body that regulates and controls the prices, benefits, terms and conditions that may be offered to insurers in respect of the General Insurance Business, Fire insurance, Marine insurance, engineering and workmen compensation.

It was setup under Insurance Act, 1938.

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