Question 7

Which of the following statements is/are correct regarding the Insurance Regulatory
and Development Authority?
(a) Its aims at the protection of the interests of the policy holders.
(b) As laid down in section 14 of IRDA Act, 1999 it has powers of undertaking inspection of, conducting enquiries and investigations into all the companies of insurance business.
(c) It is an authority of State Government
Select the correct answer using the codes given below:

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