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UIIC AO IRDA Brief History — practice questions

Explore 2 free IRDA Brief History questions in UIIC AO Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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IRDA Brief History questions and exercises with answers

Showing questions 1–2 of 2.

Which body was set up in 1996 as an interim body before the establishment of the IRDA?Read the answer and worked solution →Date the steps to the regulatorRead the answer and worked solution →

Worked practice questions

Which body was set up in 1996 as an interim body before the establishment of the IRDA?

  1. Insurance Regulatory Authority
  2. Insurance Advisory Committee
  3. Tariff Advisory Committee
  4. Controller of Insurance
Show answer and solution

Correct answer: A. Insurance Regulatory Authority

1. The Malhotra Committee submitted its report in 1994 recommending reforms. 2. Before the IRDA Act 1999 was enacted, the government set up a precursor body. 3. Per the brochure milestones: 1996 - Setting up of an interim body called the Insurance Regulatory Authority. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "1996: Setting up of an interim body called the Insurance Regulatory Authority"_

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Date the steps to the regulator

Read exercise and reference answers
End
2002
Start
1990
Events
  1. Year
    1993
    Item
    Malhotra Committee
  2. Year
    1996
    Item
    Interim body
  3. Year
    1999
    Item
    IRDA Act passed
  4. Year
    2000
    Item
    IRDA formed
Instructions
Drag each step in the making of the insurance regulator onto the year it happened.
_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "1996: Setting up of an interim body called the Insurance Regulatory Authority"_

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