The ______________ may if it is satisfied that it is necessary to issue directions to insurers generally or to any insurer in particular, he may, from time to time, issue such directions as he deems fit, and the insurers or the insurer, as the case may be, shall be bound to comply with such directions, under the Insurance Act, 1938?
Explanation: Section 34 Power of the Authority to issue directions- (1) Where the 2[Authority] is satisfied that-- (a) in the public interest; or (b) to prevent the affairs of any insurer being conducted in a manner detrimental to the interests of the policy-holders or in a manner prejudicial to the interests of the insurer; or (c) generally to secure the proper management of any insurer, it is necessary to issue directions to insurers generally or to any insurer in particular, he may, from time to time, issue such directions as he deems fit, and the insurers or the insurer, as the case may be, shall be bound to comply with such directions.
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A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at a...
A sofa of MRP 450 is available in Rs.90 cash down payment and 9 monthly equal installment of Rs.45 each. Find the rate of interest per annum.
A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 y...
A sum invested at compound interest of 'r%' p.a., compounded annually amounts to Rs. 750 at the end of second year and Rs. 900 at the end of 3rd
Rs.13000 was invested for 2 years in scheme A which offers compound interest at 10% per annum. What approximate interest earned on investing the amount ...
Raj invested equal amounts in two schemes x and y at compound interest. In scheme x, the rate of interest was 8% per annum and in scheme y the rate of i...
There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 16,000 after 3 years at the same rate?
The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
