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Question

Insurance Act came in to effect in _______.
  1. 1956
  2. 1938
  3. 1972
  4. None of these

A
None of these
B
1956
C
1972
D
1938
Solution
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The Insurance Act, 1938 is a law originally passed in 1938 in British India to regulate the insurance sector. It provides the broad legal framework within which the industry operates.

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