Question 1
What is the minimum age to enter into a valid insurance contract in India?
Correct Answer:
18 years
Question 2
Which section of the Insurance Act 1938 deals with the nomination by the policyholder?
Correct Answer:
Section 39
Question 3
What does Section 45 of the Insurance Act 1938 primarily concern?
Correct Answer:
Incontestability of policy
Question 4
Who regulates the insurance sector in India?
Correct Answer:
IRDAI
Question 5
What is the concept of 'Uberrimae Fidei' in insurance?
Correct Answer:
Utmost good faith
Question 1
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Prepare with the III IC-24 Practice Questions - III IC-24 Legal Aspects of Life Insurance Exam practice quiz. This question bank includes 100 questions covering insurance, life, contract, policy, and section. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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III IC-24 Practice Questions - III IC-24 Legal Aspects of Life Insurance Exam

This practice set contains 100 questions from the matching question bank and focuses on insurance, life, contract, policy, and section. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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