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Commerce · Q940

Insurance

Graduate and Post Graduate · Commerce · question 940

Q940

Section 45 of Insurance Act, 1938 safeguards the interests of –

A.
Insurers
B.
Policyholders
Answer
C.
Assignees
D.
Nominees

Answer: Option B

Solution

Answer: Option B
Solution:
Section 45 of Insurance Act, 1938 safeguards the interests of Policyholders. It also takes due care of the interest of both Insurers and Insured.