Question
What is required for an insurer to legally carry on any
class of insurance business in India after the commencement of the Insurance Act?Solution
Explanation: Insurance Act: Section3. Registration —(1) No person shall, after the commencement of this Act, begin to carry on any class of insurance business in India and no insurer carrying on any class of insurance business in India shall, after the expiry of three months from the commencement of this Act, continue to carry on any such business, unless he has obtained from the Authority a certificate of registration for the particular class of insurance business.
- In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be true ev...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Direction: In the given question a statement is followed by two conclusions numbered I and II. You have to assume everything in the statement to be tru...
Statements:
Only a few Pockets are Expenditure.
No Expenditure is Saving.
Some Saving are Deposit.
Conclusions:
In each question below are given three statements followed by three conclusions numbered I, II and III. You have to take the two given statements to be...
Statements:
Some planet are constellation.
Only constellation are universe.
15% constellation are star.
Conclusions:
...
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if ...
Statements:
All Table are Chair
Some Chair are woods
Some woods are Watch
All watch are metals
Conclusions :
<...Statements : All covers are chairs
No chair is a table.
...
