Q. Under the Law Commission's recommendations, in what instances can an insurer repudiate a policy before the expiry of five years?

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Q. Under what circumstances can an insurer repudiate a policy of life insurance before the expiry of five years?

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Q. What happens if a life insurance policy is repudiated due to the insured making a misstatement or suppressing a material fact?

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Q. How is the materiality of a misstatement or suppression of fact determined?

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Q. What happens if the insured can prove that a suppression or misstatement of a material fact was true to the best of their knowledge?

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Q. Who is considered the agent of the insurers for the formation of the contract?

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Q. What obligation does the insurer have if they decide to repudiate a policy based on misstatement or suppression of a material fact?

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Q. In the United Kingdom, how do courts address claims in cases where the doctrine of uberrima fides is strictly adhered to?

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Q. In Australia, under what circumstances can a policy be avoided based on incorrect statements made by the insured?

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Q. How do "Incontestable Clauses" function in the United States insurance policies?

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Q. When can an insurer in the United States challenge a claim based on the policy's incontestable clause?

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Q. According to Section 64VB of the Insurance Act, 1938, when can an insurer assume a risk in India?

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Q. How does Section 64VB specify the timeline for assuming a risk when the premium is tendered by postal money order or cheque sent by post?

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Q. How must any refund of premium due to an insured be paid according to Section 64VB?

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Q. What is the timeframe within which an insurance agent must deposit the premium collected on behalf of an insurer?

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Q. What relaxation does Rule 59 of the Insurance Rules 1939 provide for policies issued to Government and semi-Government bodies under Section 64VB?

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Q. According to Rule 59 of the Insurance Rules 1939, what provision is made for premium payment on policies under Sickness Insurance, Group Personal Accident Insurance, Medical Benefits Insurance, and Hospitalization Insurance Schemes?

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Q. For Fidelity Guarantee Insurance covering Government and semi-Government employees, when must the premium be paid according to Rule 59?

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Q. What provision does Rule 59 make for policies issued on the basis of adjustable premium, such as workmen’s compensation and cash in transit?

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Q. According to Rule 59 of the Insurance Rules 1939, what provision is made for annual insurances connected with aircraft hulls, other aviation risks, and marine hulls?

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