Section 42. Appointment of insurance agents: (3) The disqualifications referred to in the proviso to sub-section (1) shall be the following: -- (a) that the person is a minor; (b) that he is found to be of unsound mind by a court of competent jurisdiction; (c) that he has been found guilty of criminal misappropriation or criminal breach of trust or cheating or forgery or an abetment of or attempt to commit any such offence by a court of competent jurisdiction: Provided that where at least five years have elapsed since the completion of the sentence imposed on any person in respect of any such offence, the Authority shall ordinarily declare in respect of such person that his conviction shall cease to operate as a disqualification under this clause; (d) that in the course of any judicial proceeding relating to any policy of insurance or the winding up of an insurer or in the course of an investigation of the affairs of an insurer it has been found that he has been guilty of or has knowingly participated in or connived at any fraud, dishonesty or misrepresentation against an insurer or insured; (e) that in the case of an individual, who does not possess the requisite qualifications or practical training or passed the examination, as may be specified by the regulations; (f) that in the case of a company or firm making, a director or a partner or one or more of its officers or other employees so designated by it and in the case of any other person the chief executive, by whatever name called, or one or more of his employees designated by him, do not possess the requisite qualifications or practical training and have not passed such an examination as required under clauses (e) and (g); (g) that he has not passed such examination as may be specified by the regulations; (h) that he has violated the code of conduct as may be specified by the regulations.
The ratio of age of ‘B’ after 2 years from now and age of ‘C’ 4 years ago from now is 7:4, respectively. The present age of ‘C’ is 40% of th...
Three years ago, the ages of Arnav and Bheema were in the ratio 3:4. Chinky’s current age is 33.33% greater than Arnav’s curr...
The average age of Mohan, his wife, his son and his daughter is 24 years. His wife is just 5 years younger than Mohan himself and his wife was 25 years ...
Present age of ‘A’ is 30% more than that of ‘B’. If 8 years hence from now, ‘B’ will be 9 years younger than ‘A’, then find the sum of p...
Shruti is currently 20% younger than Suhana. In four years, the age difference between them will change so that Suhana’s age will be to Shruti’s age...
The ratio of A and B present age is 7:3. The product of their ages is 8400. What will be the ratio of their ages after 4 years?
The ratio of age of A and his son is 5:2. If the difference of their ages 4 year ago is 21, then find the sum of ages of A and his son 9 year hence?
The ages of A, B and C together are 42 years. B is twice as old as A and C is 2 years older than A. What is the difference between ages of B and C?
The current average age of students in a class is 24 years. What will the average age of the students be in 6 years?
Present ages of 'P' and 'Q' are in ratio 5:6, respectively. If ten years hence from now, age of 'P' will be 25% less than that of 'Q', then find the rat...