Insurance rules 1939 preliminary 1 short title these rules may be called the insurance rules1939 2 definitions in these rules i the act means the insurance act 1938 4 of 1938. 3 qualifications of actuaries any person signing as actuary under the act shall be a fellow of the institute of actuaries london or a fellow of the faculty of actuaries in scotland 1or a fellow of the actuarial society of india provided that where application is made to the controller of insurance and it is shown to his satisfaction that the employment of an associate of such faculty . Rules 58 and 59 of insurance rules 1939 58 advance payment of premiums for the purposes of sub section 1 of sec 64 vb of the act a risk in respect of a policy may be assumed before the premium payable in respect thereof is received i if the entire amount of the premium is guaranteed to be paid by a banking company before the end of . Indian insurance companies foreign investment rules 2015 and insurance appeal to securities appellate tribunal rules 2016 ebc reader version the above ebook is available only on the ebc reader app download the free application on ios android phones tablets or log onto ebc reader web version. Reported in 2004acj1657 only on grounds of misrepresentation fraud non disclosure of material facts or non cooperation of the insured29 prospectus issued by the insurer to the prospective buyers of insurance is required to contain such particulars as are mentioned in rule 11 of the insurance rules 1939 the said rule 11 inter alia provides that no person shall supply or exhibit
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