Question
An oral arbitration agreement is deemed to be a
__________________ as per the Arbitration and Conciliation Act?Solution
Explanation: An arbitration agreement shall be necessarily be in writing only and oral arbitration agreement shall not be considered as a valid arbitration agreement.
What is the maximum sum assured in life micro insurance product?
If the total premium is Rs. 50,000 and the Limit of Liability is Rs. 20,000,000; what is the rate on line?
Which of the below cannot be an intermediary?
A written form attached to an insurance policy that alters the policy’s coverage, terms, or conditions is termed as?
What percent shares of New India Assurance Co Ltd is owned by Government of India?
What is the purpose of "reinsurance treaties"?
__________ in insurance is the splitting or spreading of risk among multiple parties.
What is a coverage that guarantees bondholders timely payment of interest and principal even if the issuer of the bonds defaults?
Selling insurance through groups is called?
Written words in a policy take precedence over: