J&K&L HC Quashes 65-Year-Old's Detention, says Cattle Smuggling isn't Public Disorder || Karnataka HC Bars Denial of MV Inspector Posts over Experience with Non-Existent HGV/HPV Vehicles || P&H HC: Lengthy Incarceration alone is No Substantial Change for Repeat Bail Plea || Meghalaya HC Flags Amicus' Non-Appearance amid Lawyers' Strike, Stresses Loyalty to Justice || MP HC: Arms Act doesn't allow Sports Firearm Licence Conversion to Self-Defence Category || Delhi HC: Public Funding of LTC, CGHS Benefits doesn't Mandate Personal Disclosure under RTI || Delhi HC: Fake Caste Certificate alone cannot Justify Removing Advocate from State Rolls || Delhi HC Refuses to Stop Sale of 47 Law Books in Family Copyright Dispute || Supreme Court: S. 394 IPC Conviction Requires Proof of Robbery or Attempted Robbery || Supreme Court Questions MP HC's Cryptic Reduction of Murder Conviction as 'Shocking'

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 :