New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Which section of the Insurance Act delas with the

    provision of alterations in the particulars furnished with application for registration to be reported?
    A Section 2 Correct Answer Incorrect Answer
    B Section 12 Correct Answer Incorrect Answer
    C Section 22 Correct Answer Incorrect Answer
    D Section 26 Correct Answer Incorrect Answer
    E Section 29 Correct Answer Incorrect Answer

    Solution

    Explanation: Section 26.   Alterations in the particulars furnished with application for registration to be reported- Whenever any alteration occurs or is made which affects any of the matters which are required under the provisions of sub-section (2) of section 3 to accompany an application by an insurer for registration, the insurer shall forthwith furnish to the Authority full particulars of such alteration. All such particulars shall be authenticated in the manner required by that sub-section for the authentication of the matters therein referred to, and, where the alteration affects the assured rates, advantages, terms and conditions offered in connection with life insurance policies the actuarial certificate referred to in clause (f) of the said sub-section shall accompany the particulars of the alteration.

    Practice Next