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.
Which of the following securities are included as eligible securities for margin trading facility provided by the stock brokers?
Under the revised framework for Commercial Papers (CPs), what is the requirement for settlement of primary issuance of CPs in terms of time?
A group decision-making process which forbids negative feedback on any suggested alternative by any group member until all members have presented alter...
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How many new SIDBI branches were inaugurated in Karnataka by the finance minister towards the end of 2024?
According to the RBI’s guidelines on the Sovereign Gold Bond (SGB) Scheme, what discount is provided to investors who apply online and make payments t...
A type of market where debt and stocks are traded and maturity period is more than a year
Which institution or entity is custodian of Country’s foreign exchange reserve ?
Ratio of net profit before interest and tax to sales is :
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