Business Studies, asked by tanujas681, 3 months ago

in marine insurance premium is paid in :
A. regular instalments
B. lumpsum amount
C. monthly instalments
D. none of the above​

Answers

Answered by mohamedshaheedh2712
5

Answer:

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Explanation:

The Marine Insurance Act 1906 (MIA) makes it clear in section 52 that it is the concurrent duty of the assured or his agent to pay the premium and for the insurer to issue the policy.

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