Under the Contract Act the promise in a contract of indemnity, acting within the scope of his authority, is entitled to recover from the promisor________
Section 125. Rights of indemnity-holder when sued: The promise in a contract of indemnity, acting within the scope of his authority, is entitled to recover from the promisor— (1) all damages which he may be compelled to pay in any suit in respect of any matter to which the promise to indemnify applies; (2) all costs which he may be compelled to pay in any such suit if, in bringing or defending it, he did not contravene the orders of the promisor, and acted as it would have been prudent for him to act in the absence of any contract of indemnity, or if the promisor authorized him to bring or defend the suit; (3) all sums which he may have paid under the terms of any compromise of any such suit, if the compromise was not contrary to the orders of the promisor, and was one which it would have been prudent for the promisee to make in the absence of any contract of indemnity, or if the promisor authorized him to compromise the suit.
Which one of the principles of insurance denotes a positive duty of the person seeking insurance to voluntarily disclose accurately and fully?
What are the assumptions about rates of investment earnings, mortality, turnover and distribution or actual ages at which employees are likely to retire?
Which is not a General Insurance company?
IRDAI has the power to frame regulations under which of the following Section of the Insurance Act, 1938?
A risk or damage covered by an insurance policy is called as?
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyer’s market is called?
How many companies were merged to form the United India Insurance Company (UIIC)?
Oriental Insurance Company Ltd. was a subsidiary of Life Insurance Corporation of India from 1956 to_______.
What is a Coverage protecting property against losses caused by a fire or lightning that is usually included in home owners or commercial multiple peri...
As we know, the Government is paying much attention to “Micro Finance” these days. Which of the following is one of the examples of Micro Finance?