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With reference to the Insurance Amendment Bill, 2021, consider the following statements:1. It increases the maximum foreign investment allowed in an insurance company from 49% to 100%.2. The Act requires insurers to hold a minimum investment in assets which would be sufficient to clear their insurance claim liabilities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Insurance Amendment Bill, 2021, consider the following statements:1. It increases the maximum foreign investment allowed in an insurance company from 49% to 100%.2. The Act requires insurers to hold a minimum investment in assets which would be sufficient to clear their insurance claim liabilities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Insurance Amendment Bill, 2021, consider the following statements:1. It increases the maximum foreign investment allowed in an insurance company from 49% to 100%.2. The Act requires insurers to hold a minimum investment in assets which would be sufficient to clear their insurance claim liabilities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.

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