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Explanation: As per Code 86- (2) An employer who after conviction for an offence under section 78 or section 79 or section 80 again commits the same offence under section 78 or section 79 or section 80, then, he shall for the second or subsequent offence be punishable with fine which shall not be less than five lakh rupees, but which may extend up to twenty lakh rupees or with imprisonment for a term which may extend to six months, or with both.
What is the purpose of a "No Claim Bonus" in motor insurance?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
Which of these changes would typically require an endorsement?
The result of the policyholder’s failure to buy sufficient insurance is termed as?
What is the primary goal of risk management?
Insurance is primarily a method of:
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits is known as?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
A policy that covers loss or damage to a householder's property is:
What does "subrogation" mean in the context of insurance?
