Q. What is the maximum fee that the insurer may charge for registering a cancellation or change?

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Q. When does a nomination automatically get cancelled?

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Q. What happens to the amount secured by the policy when the nomination is cancelled?

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Q. When is the payment made to the nominee according to the section?

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Q. When are the provisions of nomination not applicable?

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Q. Who can nominate a person for a policy?

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Q. When is a nomination effectual?

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Q. In what manner can a nomination be done?

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Q. When will a nomination be automatically cancelled?

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Q. Can a nomination be made in favor of a minor?

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Q. When can a nomination be changed?

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Q. What happens if a stranger is named as a nominee?

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Q. When is there normally no need for nomination in a joint life policy?

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Q. What is the purpose of nomination under the insurance law?

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Q. What distinction does the Law Commission recommend in Section 39?

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Q. According to the Law Commission's recommendations, what option should be given to the policyholder regarding the nominee?

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Q. What proviso does the Law Commission recommend adding to Section 39?

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Q. What is prohibited under Section 41 of the Insurance Act, 1938?

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Q. Under what circumstances is an insurance agent allowed to accept commission on a policy taken out by himself?

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Q. What is the penalty for non-compliance with the provisions of Section 41?

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