Question
Under the Arbitration and Conciliation Act, 1996, who
has the authority to appoint an arbitrator when the parties fail to do so?Solution
•As per Section 11 of the Arbitration and Conciliation Act, 1996, if the parties fail to appoint an arbitrator (or a panel of arbitrators), either party may approach the court to appoint an arbitrator. •The court appoints the arbitrator if the parties have not agreed upon one or in cases where the chosen arbitrators are unable to act. •In international arbitration, the appointment authority may also be the international institution specified by the parties, but if not, it remains with the court.
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
Which of the following is/are the various types of insurance?
1. Life insurance
2. Health insurance
3. Liability insurance
An extension of endowment plans is known as which policy?
Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business?
The 'No-Claim Bonus' is a discount offered by insurers for:
Who is responsible for investigating and settling claims?
This broad type of coverage was developed for shipments that do not involve ocean transport is known as?
After a process of mergers among Indian insurance companies, how many companies were left as fully owned subsidiary companies of GIC?
What is the paid up capital of Life Insurance Corporation of India (LIC)?
Which Insurance Company started its operation in the year in which India got Independence?
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