Question
According to the Insurance Act section 27 the term
assets means________________Solution
Section 27. Â Investment of assets: (2) In the case of an insurer carrying on general insurance business, twenty per cent. of the assets in Government Securities, a further sum equal to not less than ten per cent. of the assets in Government Securities or other approved securities and the balance in any other investment in accordance with the regulations of the Authority and subject to such limitations, conditions and restrictions as may be specified by the Authority in this regard. Explanation--In this section, the term assets means all the assets of insurer at their carrying value but does not include any assets specifically held against any fund or portion thereof in respect of which the Authority is satisfied that such fund or portion thereof, as the case may be, is regulated by the law of any country outside India or miscellaneous expenditure or in respect of which the Authority is satisfied that it would not be in the interest of the insurer to apply the provisions of this section
'A' and 'B' together can do a piece of work in 12 days while 'B' and 'C' together can do the same work in 20 days. 'A' started the work alone and worke...
24 men can complete 3/5 part of a work in 8 days working 9 hours a day. How many women can complete rest of the work if they work for 8 hours a day for ...
- 'Karan', 'Ravi', and 'Deepak' together can complete a work in 24 days. 'Karan' and 'Ravi' together can complete the same work in 96 days. 'Deepak' alone ca...
- Karan is capable of doing 50% of a job in 25 days, while Meera does 25% of it in 20 days. Karan works for 20 days and then leaves. How many days will Meera...
David can complete a work alone in 30 days, while Ethan can complete the same work in 50 days. Both of them started the work together and worked till 96...
A 210 litres mixture contains only water and phenyl in the ratio 3:2, respectively. If 60 litres of this mixture is replaced with 100 litres of alcohol,...
A man can do a work in 20 days and a woman can do the same work in 30 days. In how many days will 3 men and 5 women do the work?
P is 60% more efficient than Q. P takes 30 more days to finish a work as compared to the number of days taken by P and Q together to finish the same wor...
Virat can do a piece of work in 28 days and Sachin can do the same work in 42 days. If Virat works for 4 days and got Rs. 1800, and the remaining work w...
20 women can complete a task in 10 days by working 6 hours per day. How many women are required to complete the task in 5 days by working 8 hours per day?
