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

View solution

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

View solution

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

View solution

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

View solution

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?

View solution

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

View solution

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

View solution

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

View solution

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?

View solution

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

View solution

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?

View solution

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?

View solution

Q. Which of the following policies are eligible for relaxation from Section 64 VB under Rule 59 of the Insurance Rules 1939?

View solution

Q. What is the purpose of the Insurance Act, 1938?

View solution

Q. What amendments were carried out in the Insurance Act, 1938 at the time of passing the IRDA Act, 1999?

View solution

Q. What does the unit primarily focus on in relation to the Insurance Act, 1938?

View solution

Q. What is required for a transfer or assignment to be complete and effectual for the transferee/assignee?

View solution

Q. When is a conditional assignment considered valid?

View solution

Q. What does an absolute assignment transfer to the assignee?

View solution

Q. When can a policyholder nominate a family member/s to receive the policy moneys?

View solution