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The Insurance Advisory Committee may have at most how many members (excluding ex-officio members)?
A{'text': '15', 'letter': 'A'}
B{'text': '25', 'letter': 'B'}
C{'text': '20', 'letter': 'C'}
D{'text': '30', 'letter': 'D'}
Answer & Solution
Correct answer: B. {'text': '25', 'letter': 'B'}
1. The IAC is a body that represents diverse insurance stakeholders.
2. Its size is capped by the IRDA Act.
3. It consists of not more than 25 members excluding ex-officio members.
_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "Insurance Advisory Committee(IAC) - consists of not more than 25 members excluding ex-officio members"_