Question
As per the prohibition stated in section 29 of the
Insurance Act, which of the following individuals or entities is not allowed to receive loans or temporary advances from an insurer?Solution
Section 29 Prohibition of loans- No insurer shall grant loans or temporary advances either on hypothecation of property or on personal security or otherwise, except loans on life insurance policies issued by him within their surrender value, to any director, manager, actuary, auditor or officer of the insurer, if a company or to any other company or firm in which any such director, manager, actuary or officer holds the position of a director, manager, actuary, officer or partner.
What is the appointed day under Coal Mines (Nationalisation) Act 1973?
In case of difference of opinion among Judges in death sentence confirmation, the procedure is governed by:Â
Section 118 of Chhattisgarh land revenue code related to:
Who are not competent to Contract as per the Contract Act?
Under Section 37(1) of the BNS, 2023, which of the following acts does NOT allow the exercise of the right of private defence?Â
In case of 3 arbitrators appointment of presiding arbitrator can be made by____.
What must be done before an application for an amalgamation or transfer scheme is made to the Authority according to the Insurance Act?
For how long must a reporting entity maintain records of transactions under the PMLA?
As laid down under the Exim Bank Act the Central Government may advance to the Exim Bank a loan of _______________ at a rate of interest of five and a q...
If the Directive Principles of State Policy is infringed
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