Question

Even though the insurer may avoid the contract entirely �ab initio� for the reason of misrepresentation or non-disclosure the Insurance Act 1938 gives a protection to the policy holder making the policy in disputable after 2 years (excepting for fraud)

Sec.131 of the Insurance Act 1938
Sec. 38 of the Insurance Act 1938
Sec. 45 of the Insurance Act 1938
Sec. 41 of the Insurance Act 1938

Answer 1

Answer:

Resource depletion is the consumption of a resource faster than it can be replenished. Natural resources are commonly divided between renewable resources and non-renewable resources. Use of either of these forms of resources beyond their rate of replacement is considered to be resource depletion