Question

Which Act considers the policyholder, nominee, assignee, and beneficiary of an insurance policy as consumers?

a.

Consumer Protection Act

b.

MWP Act (Married Women’s Property Act, 1874)

c.

Insurance Act

d.

Goods and Services Tax Act

Answer: (b).MWP Act (Married Women’s Property Act, 1874) Explanation:Under the MWP Act, the policyholder, nominee, assignee, and beneficiary of an insurance policy are considered as consumers.

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Q. Which Act considers the policyholder, nominee, assignee, and beneficiary of an insurance policy as consumers?

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