Insurance - Study Mode
[#866] As per Section 45 of Insurance Act, 1938, an insurance company can reject a claim within 2 years from issuance of policy if the material facts in the proposal are proved _________
Correct Answer
(B) False
Explanation
Solution: As per Section 45 of Insurance Act, 1938, an insurance company can reject a claim within 2 years from issuance of policy if the material facts in the proposal are proved false.
[#867] A person can be presumed to be dead if he has not been heard about for
Correct Answer
(C) 7 years
Explanation
Solution: A person can be presumed to be dead if he has not been heard about for 7 years.
[#868] What is the time limit set for an insurer by IRDA Regulations for calling for documents from the date of receipt of claim intimation?
Correct Answer
(C) 15 days
Explanation
Solution: The time limit set for an insurer by IRDA Regulations for calling for documents from the date of receipt of claim intimation is 15 days.
[#869] What is the time limit set for an insurer by IRDA Regulations for settling non-early claims from date of receipt of all documents.
Correct Answer
(D) 30 days
Explanation
Solution: The time limit set for an insurer by IRDA Regulations for settling non-early claims from date of receipt of all documents are 30 days.
[#870] Which is the first Indian Commercial Bank that was fully owned and managed by Indians?
Correct Answer
(C) Central Bank of India
Explanation
Solution: Central Bank of India is the first Indian Commercial Bank that was fully owned and managed by Indians.