Question
As per the Insurance Act which of the following
conditions would not disqualify a person from being appointed as an insurance agent?Solution
Section 42.  Appointment of insurance agents: (3) The disqualifications referred to in the proviso to sub-section (1) shall be the following: -- (a) that the person is a minor; (b) that he is found to be of unsound mind by a court of competent jurisdiction; (c) that he has been found guilty of criminal misappropriation or criminal breach of trust or cheating or forgery or an abetment of or attempt to commit any such offence by a court of competent jurisdiction: Provided that where at least five years have elapsed since the completion of the sentence imposed on any person in respect of any such offence, the Authority shall ordinarily declare in respect of such person that his conviction shall cease to operate as a disqualification under this clause; (d) that in the course of any judicial proceeding relating to any policy of insurance or the winding up of an insurer or in the course of an investigation of the affairs of an insurer it has been found that he has been guilty of or has knowingly participated in or connived at any fraud, dishonesty or misrepresentation against an insurer or insured; (e) that in the case of an individual, who does not possess the requisite qualifications or practical training or passed the examination, as may be specified by the regulations; (f) that in the case of a company or firm making, a director or a partner or one or more of its officers or other employees so designated by it and in the case of any other person the chief executive, by whatever name called, or one or more of his employees designated by him, do not possess the requisite qualifications or practical training and have not passed such an examination as required under clauses (e) and (g); (g) that he has not passed such examination as may be specified by the regulations; (h) that he has violated the code of conduct as may be specified by the regulations.
Prague is the capital of which of the following countries?
Match the following:
Â
What is the highest honour in Indian cinema?
Consider the following statements about Interest Equalisation Scheme:Â
1. It provides pre- and post-shipment export credit to exporters in rupee...
Which state in India recently initiated the country's first pilot project for underground coal gasification in the Kasta coal block?
With reference to the Judicial Review, consider the following statements:
1.   The doctrine of judicial review originated and developed in th...
Which organization signed an MOU with the Ministry of Rural Development for DAY-NRLM?
Which Indian state's police topped the national ranking in blocking mobile numbers involved in cybercrimes?
When was the first Asian Yogasana Sports Championship held?
Which international organization released the "World Social Protection Report 2024-26: Regional Companion Report for Asia and the Pacific" in October 20...