Question
Under the Insurance Act what is the obligation of
insurers in relation to reinsurance with Indian re-insurers?Solution
Section 101A. Re-insurance with Indian re-insurers--(1) Every insurer shall re-insure with Indian re-insurers such percentage of the sum assured on each policy as may be specified by the Authority with the previous approval of the Central Government] under sub-section (2).ย
โThe Commission may call for reports, returns and statements from the Central Government or corporations established by any Central Act.โ
Thi...
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