Question
What is the principle of insurable interest in
insurance?Solution
The principle of insurable interest requires that the insured must have a financial or other interest in the subject matter of the insurance policy, which means they will suffer a financial loss if the subject matter is damaged or destroyed.
Whoever with intent to cause, or knowing that he is likely to cause, wrongful loss or damage to the public or to any person, causes the destruction of a...
Ut Res Magis Valeat Quam Pereat is also known as
What does the term "asset reconstruction" refer to?
Which of the following is true relating to Red- herring Prospectus?
Which of the following is not an area of work of JEMRA?
Under what article of the Constitution of India can the President take over the administration of a state in case its constitutional machinery breaks do...
Which authority is responsible for conducting the Social Impact Assessment (SIA) under the Land Acquisition Act, 2013?
What does Breach of Contract mean?
As per the Banking Regulation Act the chairman shall exercise his powers subject to the superintendence, control and direction of the _____________________
What is the composition of the Appellate Tribunal under the Recovery of Debts and Bankruptcy Act?
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