Question
What is the significance of "Section 64 VB" of the
Insurance Act 1963?Solution
The correct answer is B. It mandates that insurers must receive premiums before assuming any risk. Section 64VB of the Insurance Act 1963 states that no contract of insurance shall be valid unless the premium or the first installment of the premium has been paid.
__________ country discovered the Rare Ghost Shark Species that live in deep of the Pacific ocean.
How many Anganwadi workers were awarded the Anganwadi Worker Award for the year 2022-23?
On which day is National Voters' Day celebrated every year?
What is the coupon rate at which Nabard raised ₹4,864 crore through its bond offering?
Recently, a glacial lake outburst flood in the South Lhonak Lake of which of the following state?
Which of the following does not belong to Manipuri Women's Traditional Clothing?
Which Indian player clinched the gold medal in the IBSF World 6-Red Snooker Championship 2024?
The Bhuvan Panchayat Geoportal 4.0, an online platform for disseminating geospatial data and services, was recently launched. Which organization develop...
Which company recently became the first manufacturer to receive the GreenPro ecolabel for its 'Automotive Steel' products?
Who among the following was posthumously awarded the Padma Vibhushan Award for 2023?
