Question
a.
When ownership of the goods vests in the importer
b.
When import is facilitated by private sector undertakings
c.
When the terms of the foreign credit require insurance cover in foreign currency
d.
When payment for the goods has not been made to the supplier
Posted under IC 14 Regulations of Insurance Business
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Q. In which circumstances may insurers settle claims from their foreign currency balances in favor of overseas suppliers for certain categories of imports?
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