Question
What is the restriction imposed on insurance agents or
intermediaries regarding commission or remuneration under the Insurance Act?Solution
Section 40. Prohibition of payment by way of commission or otherwise for procuring business: (2) No insurance agent or intermediary or insurance intermediary shall receive or contract to receive commission or remuneration in any form in respect of policies issued in India, by an insurer in any form in respect of policies issued in India, by an insurer except in accordance with the regulations specified in this regard: Provided that the Authority, while making regulations under sub-sections (1) and (2), shall take into consideration the nature and tenure of the policy and in particular the interest of the agents and other intermediaries concerned.
Statement:
Some buckets are mugs.
Some mugs are tubs.
All tubs are plastics.
No plastics is a white.
Conclusion: <...
Statements:
Only a few Maaza are Frooti
Some Frooti are not Sprite
All Coke are Maaza
Conclusions:
I) Â Some Fro...
Statements:
No red is white.
All white are orange.
Some Orange are blue.
Conclusions:
I. No red is blue.
II. N...
Statements:
Some bottles are not cans.
All boxes are drawers.
No can is a box.
Conclusions:
I. Some boxes are no...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statements:
All Table are Chair
Some Chair are woods
Some woods are Watch
All watch are metals
Conclusions :
<...- In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if they ...
Statement:
Only a few clock are timer   Â
Only timer is needle
No clock is watch.Â
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Conclusion:
Statements:
Only mango is apple.
No orange is a Peach.
Some Peaches are guavas.
Some guavas are mangoes.
Conclusio...
Statement:Â
All Chairs are Sofa.
All bookshelf are Sofa.
All Beds are Chairs.
All cabinet are Sofas.
Conclusion: ...
