The Insurance Act 1938 | Section 2 | Fire Insurance Business | General Insurance Business | Part 1a

Описание: Corporate and Allied Law: CA;

The Insurance Act 1938 | Section 2 | Authority | Fire Insurance Business | General Insurance Business | Part 1a ;

Introduction (00:00:09 - 00:00:21)

Definitions (Section 2) (00:00:22 - 00:19:56)
Authority
Regulated by the IRDA , It is all about the authority
Policy Holder (Section 2(2))
Approved Securities (Section 2(3))
Government Securities which are guaranteed fully and are provided by Government itself as regard to their Principal and Interest.
Fire Insurance Business (Section 2(6A))
The business of effecting the contract of Insurance against loss by Incidental to Fire or occurrence which is mentioned in the Fire Insurance Policy

General Insurance Business (Section 2(6B))
General Insurance covers Fire, Burglary, Marine etc

Insurance Agent (Section 2(10))
Explained with the help of an Example

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