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If the proponent has no insurable interest in the insured, the underwriter will ———— a accept the lien b accept with extra premium c decline the proposal d accept with reduced Sum assured Raghavendra Rao, Joint Secretary, G.

A duplicate policy may be issued, when original has been ————- a Burnt b Stolen c Mutiliated d All of the above To whom should license be paid.

The authors of the accepted papers will be allowed to make corrections in accordance with the suggestions of the reviewers and submit final camera-ready papers within the stipulated deadline.

Suresh Samson, Training Head, C. Naga Malleswara Rao, President, G. Which of the approaches of the agent is appropriate. The proposal form should be filled by the proponent himself, unless he is illiterate.

Insurance companies come under the purview of the Consumer Protection Act. To whom should license be paid. Insurance is possible only if the event concerned happens by random. What are the criteria of a good saving plan. The agents report to the insurer should include ———- facts.

R Educational Society Dr. The fact of having been on sick leave must be disclosed, even if there were no sickness and certificate of sickness was false. Sunil Kumar, Treasurer, G. The Consumer protection act does not apply to government companies.

Naga Malleswara Rao, President, G. The premium was paid on the same day. When a policy matures, the claim proceeds are paid to the assured.

A policy which has been in force for 10 years can be called into question for misrepresentation Statement B: In an insurance policy, the amount payable on death may be the amount payable on maturity a same as b more than c less than d any of the above The conference proceedings will be distributed amongst the participants during the conference.

An insurance agent may be sued under Consumer protection act Statement B: Most plans of insurance are a combination of two basic plans. When a policy matures, the claim proceeds are paid to the assured. The underwriter is a trustee of all policyholders a Only statement A b Only statement B c Both statements d Neither of the statement R Educational Society Dr.

Submissions must include title, abstract, keywords, author and affiliation with email address. The insurer may refuse to issue a new policy if an earlier one is paid up.

In what plan of insurance is medical examination never required, whatever be the amount of Sum assured. Infimities are caused by ————— a Rs. If the claim in question is 23 lakhs, which consumer court will hear the application.

C Registration Committee Mr. Bringing a policy, which has lapsedback to force is called ————— a Recovery b Revival c Renewal d Elapse An event, which will certainly happen cannot be insured against. Submissions must include title, abstract, keywords, author and affiliation with email address.

When a policy matures, the claim proceeds are paid to the assured. Lakshmi, Sathyabama University M. Section 45 of the insurance act does not apply to a one year policy. An agent insisted that all his policyholders should send the premium cheque to him, so that he could ensure that delays did not happen through oversight.

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