n NISM Certifications
NSM General NISM
Medium

Under the Insurance Act 1938, which section states that no risk can be assumed unless the premium is received in advance?

Practice question from IC 38 Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Section 59

  2. Section 64 VB

    Correct answer

  3. C

    Section 1939

  4. D

    None of the above

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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