0
As per Section 45 of the Insurance Act 1938, a life insurer can repudiate the policy on the ground that any material facts in the proposal or document are inaccurate or false within 2 yrs from the date of the issuance of the policy or commencement of the risk.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How the statutory reserve created under section 45 IC of rbi act can be utilised?
The same can be utilised by way of amalgmating the NBFC company with Non NBFC company.
When did the Federal Deposit Insurance Corporation Improvement Act pass?
The Federal Deposit Insurance Corporation Improvement Act passed in 1991
What does FI CAX stand for?
Federal Insurance Contribution Act.
What was the FDICIA?
The FDICIA was the Federal Deposit Insurance Corporation Improvement Act
Is income generated from life insurance benefits taxable?
Under the provisions of section 10(10D) of the Income-tax Act, 1961, Maturity/Death claims proceeds of life insurance policy, including the sum allocated by way of bonus on such policy (other than amount to be refunded under Jeevan Aadhar Insurance Plan in case of handicapped dependent predeceases the individual or amount received under a Keyman Insurance Plan) is exempted from income-tax. However any sum (not including the premium paid by the assessee) received under an insurance policy issued on or after the 1st day of April, 2003 in respect of which the premium payable for any of the years during the term of the policy exceeds 20% of the actual capital sum assured will no longer be exempted under this section.
How many minutes does the ACT English test take?
The ACT English section gives you 45 minutes to answer 75 questions.
What is charter contribution clause in marine insurance act?
it is based on the equity principle of common law section 80, of marine insurance act refers to rateable share to strangers may insecure separately but need to contribute in case of a loss to the insecure
What does the acronym HIPAA stand for?
Health Insurance Portability & Accountability Act
How the statutory reserve created under section 45 IC of rbi act can be utilised?
The same can be utilised by way of amalgmating the NBFC company with Non NBFC company.
What is the population of QBE Insurance?
The population of QBE Insurance is 13,000.
What does fica stand for?
Federal Insurance Contribution Act The word FICA stands for "Federal Insurance Contributions Act."
What insurance group is a 2002 rover 45 impression sport?
hi i own a beautiful 2002 rover 45 impression sport and its on group 13 insurance
What do you call a section of a play?
An Act .
When did the Federal Deposit Insurance Corporation Improvement Act pass?
The Federal Deposit Insurance Corporation Improvement Act passed in 1991
Under which section donation is disallowed?
Under section 123 of donation act
Order in terms of section 63 of the magistrates court act?
What is section 63
When did the Terrorist Risk Insurance Act become law?
the Terrorism Risk Insurance Act of 2002, which provided a federal backstop for terrorism insurance, was signed into legislation on November 26, 2002.
