Question
Which of the following statements is true with regard
to declaring and issuing of Bonus Shares?Solution
When a company issues bonus shares, it typically utilizes its reserves or retained earnings to capitalize the shares. This means that the company is essentially converting a part of its reserves into share capital, which could result in a decrease in the reserves and surplus on the balance sheet.
The principle of "subrogation" in insurance refers to:
Which of the term is the used when a policy has lapsed due to non-payment of premium?
When a single insurance company offers both life and non- life insurance policies then what does it known as?
India's first intranasal Covid vaccine by ______ received DCGI approval on Tuesday for primary immunization against the infection for people above the a...
A section of the risk-based capital formula calculating requirements for reserves and premiums is termed as?
The Insurance Institute of India (Regd.) formerly known as?
What is the grace period in case of monthly premium payment mode in insurance?
The 'Third-party liability' cover in a motor insurance policy protects the insured against:
2000 factories require a Sum Insured of Rs.10 crores each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not ...
If the total premium is Rs. 50,000 and the Limit of Liability is Rs. 20,000,000; what is the rate on line?
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