Question
What is the principle of contribution in insurance?Â
Solution
The principle of contribution requires that if a person has more than one insurance policy covering the same risk, then each insurer will contribute towards the loss in proportion to the sum insured.
As per the Insurance Act, 1938 every insurer, being a company or body incorporated under any law for the time being in force in India, shall furnish ___...
What is meant by "free consent" in contract law?
According to Roscoe Pound, law should be studied as:
A corporate debtor shall be dissolved under the IBC as per section 54 by the order of the ___________________
What is the primary aim of the doctrine of separation of powers in constitutional law?
Which of the following sections of Transfer of Property Act, 1882 cover transfer for benefit of unborn person?
IPC extend to ……….
Whoever being the owner allows unauthorized person to drive his vehicle_______
As per Companies Act, 2013, a company can issue secured debentures with a maximum tenure of _______ years and preference shares with a maximum tenure of...
Who are the members of the Board of directors of the Corporation as per the Deposit Insurance and Credit Guarantee Corporation Act?