Question
a.
If the exporter requests settlement in rupees
b.
If the title to the goods has passed to the foreign buyer
c.
If the Reserve Bank approves the settlement
d.
If the insurer agrees to settle the claim in rupees
Posted under IC 14 Regulations of Insurance Business
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Q. Under what circumstances may insurers settle claims in rupees in favor of Indian exporters for marine claims against exports?
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