(a) has been in practice as a surveyor or loss assessor on the 26th day of October, 1968 , or

(b) holds a degree of a recognized University in any branch of engineering, or

(c) is a fellow or associate member of the Institute of Chartered Accountants of India or the Institute of Cost and Works Accountants of India, or

(d) possesses actuarial qualifications or holds a degree or diploma of any recognized University or institute in relation to insurance, or

(e) holds a diploma in insurance granted or recognized by the Government, or

(f) possesses such other technical qualification as may be prescribed, and

(g) does not suffer from any of the disqualifications mentioned in sub- section (4) of section 42;