SC: Bribe Recovery Alone Cannot Prove Guilt without Proof of Demand under PC Act || SC: Cut Power, Water to Bulk Waste Generators Violating Solid Waste Rules || SC: RPF Employee Who Conceals Criminal Case Can be Discharged at Any Stage || SC: Police can Register FIR Despite Magistrate Rejecting S.156(3) CrPC Application || SC: Criminal Acquittal Alone Cannot Prove Absence of Negligence in Accident Claims || SC: Referral Fees Earned By Auto Dealers for Bank, Insurance Promotion Taxable as Service Tax || Supreme Court Revisits the definition of “Industry”: 9-Judge Bench Reformulates the 1978 Triple Test || Delhi HC: Exam Integrity is a Shared Duty of Candidates and Authorities || Delhi High Court: POCSO Allows Child Witness Cross-Examination but Bars Aggressive Questioning || Kerala HC: Christian Women May File Divorce Pleas Where They Reside

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 :