Q. Which regulatory authority mandates the inclusion of Section 41 in an insurance prospectus to prohibit certain inducements?

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Q. What does Section 41 in an insurance prospectus prohibit?

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Q. Which of the following is not typically found in an insurance prospectus?

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Q. What does the term "nomination" refer to in the context of an insurance prospectus?

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Q. Which of the following it not usually part of the insurance prospectus?

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Q. What is the purpose of a Proposal Form in the insurance application process?

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Q. What is the "Principle of Utmost Good Faith" associated with when it comes to the Proposal Form?

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Q. How long should the insurer take to provide a copy of the proposal submitted by the insured, as per IRDAI guidelines?

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Q. Which party is responsible for ensuring the timely refund of a proposal deposit if it is refundable?

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Q. In the insurance context, what does "duty of disclosure" refer to?

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Q. What can be the format of a Proposal Form?

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Q. How long does the insurer have to provide a copy of the proposal to the insured, as per IRDAI guidelines?

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Q. In which stage of the insurance process does the duty of disclosure begin?

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Q. What is the main consequence of providing incorrect or concealed information on the Proposal Form?

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Q. What is the primary purpose of the Proposal Form in the insurance documentation process?

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Q. What kind of information is collected in the Proposal Form for life and health insurances?

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Q. In addition to personal details, what other information may be asked for in the Proposal Form depending on the insurance product?

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Q. What is the role of insurance advisors in the Proposal Form process?

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Q. Which document(s) may be collected to determine the true identity of the proposer?

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Q. What is the primary purpose of the declaration at the end of the Proposal Form?

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