Question
What must be done before an application for an
amalgamation or transfer scheme is made to the Authority according to the Insurance Act?Solution
Section 35. Amalgamation and transfer of insurance business: (3) Before an application is made to the Authority to approve any such scheme notices of the intention to make the application together with a statement of the nature of the amalgamation or transfer, as the case may be, and of the reason therefore shall, at least two months before the application is made, be sent to the Authority and certified copies, four in number, of each of the following documents shall be furnished to the Authority, and other such copies shall] during the two months aforesaid be kept open for the inspection of the members and policy-holders at the principal and branch offices and chief agencies of the insurers concerned.
A container has milk and water in the ratio 5 : 3 . If 12 litres  of the mixture is taken out and replaced with 12 litres of water , the ratio be...
2 Kg of sugar at Rs 22 per Kg is mixed with 3 Kg of 2nd type of sugar to get a mixture costing Rs 38 per Kg. Find the price of the costlier sugar.
130 litres of a mixture contains 35% milk and rest water. If ‘x’ litres of milk is added into the mixture then quantity of water in the final mixtur...
Two varieties of rice costing Rs 40 per kg and Rs 50 per kg are mixed and sold at Rs 44 per kg without any profit or loss. In what ratio are the two var...
- 60 grams of an alloy 'A' containing only gold, silver and copper in ratio 3:2:5 respectively is mixed with 20 grams of alloy 'B' which contains only silver...
378 ml of mixture ‘A’ contains milk and water in the ratio 4:5 respectively. If the quantity of milk in mixture ‘B’ is 37.5% mor...
99 ml of mixture ‘P’ contains milk and water in the ratio of 7:4, respectively is mixed with 30 ml of mixture ‘Q’ containing mil...
A 1000 ml mixture contains milk and water in the ratio of 7:3. 10% of the mixture is removed and some water is added so that the new ratio of milk to wa...
A vessel contains 80 litres of milk and water in the ratio 3 : 1. If 20 litres of mixture is removed and replaced by pure water, then what will be the n...
In a mixture of milk & water, 80 litres water is mixed due to which ratio changes from 3 : 4 to 1 : 3. Find initial quantity of mixture. (in litres)
Relevant for Exams:
