Question
Which section of the Insurance Act deals with the
provisions relating to the restrictions on the opening of a new place of business?Solution
Explanation: Section 64VC Restrictions on opening of new place of business -No insurer shall, after the commencement of the Insurance (Amendment) Act, 1968, open a new place of business or close a place in India or outside India or change otherwise than within the same city, town or village, the location of an existing place of business situated in India or outside India, except in the manner as may be specified by the regulations
Under motor insurance, ambulances are classified under which class?
Where is the headquarters of Apollo Munich Health Insurance Company Limited located?
A policy that covers damage to neon signs is:
Which of the following is NOT a key step in the underwriting process?
What is the maximum sum assured in life micro insurance product?
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
Which type of policy is offered by an insurer for covering jewellery?
General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?
In order to monitor and control solvency requirements, it has been made mandatory to the insurers to submit solvency report on _______ basis.
A motor insurance policy can be cancelled by:
