Question
What happens if the prescribed period for filing a suit,
appeal, or application expires on a day when the court is closed?Solution
Limitation Act: Section 4. Expiry of prescribed period when court is closed—Where the prescribed period for any suit, appeal or application expires on a day when the court is closed, the suit, appeal or application may be instituted, preferred or made on the day when the court re-opens.
The principle ensuring an insured is not compensated more than the actual loss is:
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
A motor insurance policy can be cancelled by:
What is the insurance of human life values against the risks of death, injury, illness or against expenses incidental to the latter?
What is the minimum group size in Micro Insurance Schemes?
Which country is the first in the world to introduce the concept of Insurance Repository services?
Insurance is, thus, a financial tool specially created to reduce the financial impact of unforeseen events and to create______.
_______ in the insurance industry involves an applicant gaining insurance at a cost that is below their true level of risk.
What is the purpose of "co-insurance" in an insurance policy?
Which of the term is the used when a policy has lapsed due to non-payment of premium?
