Question
a.
If the premiums are paid in foreign currency
b.
If the workmen and technical staff are engaged in overseas contracts
c.
If the premiums are paid by remittances in foreign currency from the foreign currency earnings generated by the contracts
d.
If the policies provide for settlement of claims in foreign currency
Posted under IC 14 Regulations of Insurance Business
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Q. Under what circumstances may Indian companies executing construction and turnkey contracts in foreign countries obtain personal accident cover from Indian Insurers?
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