Either of the above, Explanation: Section 54 Voluntary winding up, Explanation: Notwithstanding anything contained in the Companies Act, 1956, an insurance company shall not be wound up voluntarily except for the purpose of affecting an amalgamation or a re-construction of the company, or on the ground that by reason of its liabilities it cannot continue its business.
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
What is the time limit set for the claim settlement process by IRDAI?
What is coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance ...
Who determines the third-party insurance premium of the two-wheelers?
The Life Insurance Companies Act was passed in which year?
New India Assurance Co Ltd is a type of ?
Insurance is, thus, a financial tool specially created to reduce the financial impact of unforeseen events and to create______.
A policy that can be cancelled or have the premiums raised by the insurer on a specific anniversary date, subject to certain reasons written into the po...
Which principle specifies an insured should not collect more than the actual cash value of a loss?
A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as?
