Question
A standing agreement between insurers and reinsurers.
Under a treaty each party automatically accepts a specific percentage of the insurer’s business is termed as?Solution
Treaty reinsurance is a type of reinsurance in which the reinsurance company accepts all of a particular type of risk from the ceding insurance company. Treaty reinsurance is one of the three main types of reinsurance contracts, the others being facultative reinsurance and excess of loss reinsurance. Treaty reinsurers are obliged to accept all risks outlined in the treaty reinsurance contract.
What is the liability of co-surities bound in different sum as per the Contract Act?
A promissory note, bill of exchange or cheque drawn or made in India and made payable in, or drawn upon any person resident in, India shall be deemed to...
The question is, whether A committed a crime at Calcutta on a certain day.
The fact that, on that day, A was at Lahore is relevant.
Whi...
What is the prescribed time limit for the Rent Control Court to dispose of a complaint filed under the Maharashtra Rent Control Act?
What are the various ground on the basis of which RBI may cancel a licence granted to a banking company?
What is the full form of WTO?
Maximum paid up capital in case of public company
In which case, while fastening the liability on the accused, the Court stated that – “They also serve who only stand and wait”?
Whoever intentionally puts any person in fear of any injury to that person, or to any other, and thereby dishonestly induces the person so put in fear t...
As per Partnership Act, A minor :
