Question
Who are intermediary under the Insurance
Act?Solution
Section 2. Definitions: (f) intermediary or insurance intermediary includes insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrator, surveyors and loss assessors and such other entities, as may be notified by the Authority from time to time.
'A' and 'B' started a business with an investment of Rs. 4,800 and Rs. 6,000, respectively. After 6 months, 'C' joined them with an investment of Rs. 7,...
Deepa, Eshan and Farah invest Rs. x, Rs. (x + 3000) and Rs. 5x, respectively. After 9 months, Deepa and Farah withdraw their money. If the annual profit...
Two partners, 'P' and 'Q,' invested in a business with initial amounts of Rs. 4,800 and Rs. 7,200, respectively. 'P' maintained the investment for 15 mo...
Annie and Ben entered into a business investing Rs. (x + 80) and Rs. (x – 40) respectively. After one year they invested Rs. 50 more and Rs. 150 more ...
"A" and "B" initiated a partnership with investments in the proportion of 3:4. After four months, "C" entered the partnership by contributing Rs. 75,000...
M and N invested Rs. 6400 and Rs. 5000, respectively, when they first started their businesses. After a year, N increased his investment by 40% while M ...
A and B started a business by investing Rs.400 and Rs.500 respectively. After 8 months, A increased his investment by Rs.900. Find the ratio of annual p...
Ashish started a business by investing Rs. 1400. Few months later; Ramesh joined him by investing Rs. 1600 such that at the end of the year, the profit ...
A, B and C started a business and shared their capital in the ratios of 5 : 8 : 11 respectively. If the total of A & B share together is Rs. 3,000 m...
- P and Q invested in a business with initial investments of Rs. 1000 and Rs. ‘y’ respectively. Q withdrew his investment after 6 months. If P’s share ...
