Question

When does Section 39 not apply to a policy of life insurance according to Section 39(7)?

a.

When the policyholder is unmarried.

b.

When the policyholder is a minor.

c.

When the policy is covered under the Married Women’s Property Act, 1874.

d.

When the policy is issued by a foreign insurance company.

Posted under IC 14 Regulations of Insurance Business

Answer: (c).When the policy is covered under the Married Women’s Property Act, 1874. Explanation:Section 39 does not apply to any policy of life insurance to which Section 6 of the Married Women’s Property Act, 1874, applies or has applied.

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Q. When does Section 39 not apply to a policy of life insurance according to Section 39(7)?
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