Question
Transfer of property to take effect after the lifetime
of a person, who is in existence at the date of such a transfer is:Solution
As per Transfer of Property Act, 1882-S. 14. Rule against perpetuity.mdash;No transfer of property can operate to create an interest which is to take effect after the lifetime of one or more persons living at the date of such transfer, and the minority of some person who shall be in existence at the expiration of that period, and to whom, if he attains full age, the interest created is to belong
Market is a place of ______.
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
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Reinsurance placed with a company not authorized in the reporting company’s state of domicile is called?
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
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The 'Own Damage' cover in a motor insurance policy protects the insured against:
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