Section 42 of IA : Section 42: Appointment Of Insurance Agents
IA
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Explanation using Example
Imagine that XYZ Insurance Pvt. Ltd. is looking to expand its customer base. The company decides to appoint Mr. John as an insurance agent. Before appointing him, XYZ Insurance Pvt. Ltd. verifies that Mr. John is not disqualified under the criteria mentioned in Section 42(3) of the Insurance Act, 1938. They ensure that Mr. John is not a minor, is of sound mind, has not been convicte...
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