Which of the following statements related to General Insurance Corporation of India is
not correct?

A

It is the sole reinsurance company in the Indian insurance market

B

The entire general insurance business in India was nationalised by the Government of India (GOI) through the General Insurance Business (Nationalisation) Act (GIBNA) of 1981

C

It has been active in the Indian insurance market with over three decades

D

Its registered office and headquarters is in Mumbai

E

None of these