Question
What is the term for insurance purchased by an insurance
company directly from one or more insurance companies or through a broker for the purpose of risk management?Solution
Reinsurance, often called "insurance for insurance companies," results from a contract between a reinsurer and an insurer. In it, the insurance company—known as the ceding party or cedent—transfers some of its insured risk to the reinsurance company.
As per Art. 213 of the Constitution, once an ordinance has been promulgated by the Governor in a State it will cease to operate within _________ from re...
Which of the following powers does NOT belong to the Central Consumer Protection Authority (CCPA) under the Consumer Protection Act, 2019?Â
The election of the President shall be held in accordance with
Section 5(1) permits extension of DSPE powers and jurisdiction for investigation in respect of:
The Supreme Court judgment Tejinder Singh v. State of Punjab (2013) addressed the admissibility of extra-judicial confessions. The Court established imp...
The provision to tender pardon to an accomplice is given in:
In Section 2(10) of the Bharatiya Nyaya Sanhita, 2023, the definition of gender now encompasses ________________.
Consider the following statements regarding the definition of "Proceeds of Crime" under Section 2(1)(u) of the Prevention of Money Laundering Act, 2002:...
Punishment for cheating by personation under Section 319(2) of BNS may extend to:
OASIS with reference to PFRDA Act stands for_____________
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