n NISM Certifications
NSM General NISM
Medium

What is the purpose of Section 45 of the Insurance Act, 1938?

Practice question from IC 38 Mock Test 15 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Impose penalties on insurers for policy cancellation

  2. B

    Establish grounds for questioning a policy

  3. Protect policyholders by limiting the period to contest a policy

    Correct answer

  4. D

    Define terms and conditions of policies

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

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