Uttarakhand HC: Severity of POCSO Charges Alone Cannot Deny Juvenile Bail || Madras HC Grants Anticipatory Bail to Man Accused of Watching CM Vijay's Unreleased Film Online || Jharkhand HC: Interest under Employees' Compensation Act Runs From Date of Accident || Bombay HC Quashes Wakf Property Mutation as Enemy Property, Mandates Due Process || J&K&L High Court: Limitation Must be Decided Before Hearing Appeal Against 31-Year-Old Mutation || Allahabad HC Summons UP Home Secretary Over Delay in Custodial Death Compensation Guidelines || Delhi HC Differs with DPIIT Paper, Says ChatGPT Injunction Would Hurt AI Development || Supreme Court: MHADA can Enforce Developer's Rehabilitation Commitments || SC: Transfer of Defrauded Funds To Accused's Account Alone Cannot Warrant Clubbing FIRs || Supreme Court: States with Under 1,000 Consumer Cases Can Abolish Select District Commissions

Applicability of provisions of Sec 45 of Insurance Act 1938 in various scenarios - (Insurance Regulatory and Development Authority) (28 Oct 2015)

IRDA clarifies provisions for refund of premium on repudiation of policy

MANU/IRDA/0041/2015

Insurance

The Insurance Regulatory Development Authority of India has released clarifications pursuant to amendment of Section 45 of the Insurance Act, 1938. The clarifications relate to late claim on behalf of deceased policyholder, misrepresentation or suppression of material fact at time of obtaining policy and the quantum of refund in case of repudiation of policy.

Tags : INSURANCE CLARIFICATIONS SECTION 45 REFUND MISREPRESENTATION

Share :