Section 64VB requires what action for a policy to be

effective?

A Renewal before expiry Correct Answer Incorrect Answer

B Payment of premium before coverage commences Correct Answer Incorrect Answer

C Reaffirmation of material facts Correct Answer Incorrect Answer

D Issuance of a policy schedule Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

Section 64VB of the Insurance Act, 1963, mandates that no contract of insurance shall be valid unless the premium or the first instalment of the premium has been paid.

Practice Next

More Insurance Awareness Questions

The rulers of the Lodhi dynasty were
Who was the ruler of the Koch dynasty during the spread of Ekasarana Dharma by Sankardev?
Which of the following inscriptions give the information about two Ashwamedha Yajnas performed by the King Pushyamitra Sunga?
Who was the last ruler of Mauryan dynasty?
Match List-I with List-II and select the correct answer using the codes given below the lists:

List-I ...
The establishment of "Diwan-i-Riyasat" by Alauddin Khilji was aimed at controlling which aspect of the economy?
The main outlet for foreign trade during Akbar's reign was the port of
The only Hindu noble at the court of Akbar to accept the Din-illahi was
Which ruler of the Chahamana dynasty made Ajmer his capital?
The state-promoted canal irrigation system was initiated by

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question