Section 130A of TPA : Section 130A: Repealed
TPA
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Explanation using Example
Imagine that Mr. Sharma owns a shipping company and has a marine insurance policy for his fleet. He decides to sell one of his ships to Mr. Gupta. Along with the ship, Mr. Sharma wants to transfer the existing marine insurance policy to Mr. Gupta so that the ship remains covered during transit and in the future under Mr. Gupta's ownership.
However, Section 130A of the Tran...
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