………..is the first comprehensive legislation governed both life and non-life branches of insurance was enacted to provide strict state control over the insurance business in India.

Related MCQs

• The agents who are selling policies of several life and non life insurance companies at a time are known as
• …………are agents but they can sell policies of several life and non-life insurance companies at a time.
• In India ……….controls and regulate the rates, advantages , terms and conditions that may be offered by insures in respect of general insurance business relating to marine (hull) ,motor ,engineering and workmen compensation.
• ……….. was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance in India.
• The LIC of India was set up in ……..to take over 245 life companies.
• The first insurance contract was entered into by European maritime nations in 1347 to accept ……..insurance as a practice.
• __________ Insurance is a contract to provide a measure of financial support to farmers in the event of a crop failure due to drought or flood.
• The document which contains the terms and conditions of the life insurance contract is termed as the
• In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____
• The oldest life insurance company in existence today is the society for the equitable assurance of lives and survivorship, known as ………