Question
Under the Limitation Act, 1963, "Acknowledgment in
Writing" (Section 18) must be made:ÂSolution
Under Section 18(1) of the Limitation Act, 1963, an acknowledgment of liability in writing must be made "before the expiration of the prescribed period for a suit or application". This acknowledgment creates a fresh starting point for the limitation period, effectively extending the time within which a legal action can be brought.
A insurer advertises through daily newspaper. What type of marketing is
The 'Policy Document' in motor insurance is a legal document that:
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?
A policy that covers the loss of stock due to refrigeration failure is:
With reference to the Loss and Damage (L&D) fund, consider the following statements:
1. It will compensate the most vulnerable countries for clim...
The first ULIP was launched by which of the following ?
The 'No Fault Liability' provision in the Motor Vehicles Act, 1988 is applicable to: Â Â Â Â
When insurance companies undercut each other to grab market share by reducing premium, it is known as:
Which one of the principles of insurance denotes a positive duty of the person seeking insurance to voluntarily disclose accurately and fully?
