Business Studies, asked by Azamali20706, 7 months ago

Is the payment of interim bonus made mandatory under section 112 of the insurance Act 1938

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Answered by sabinamin14

0

Answer:

Not withstanding anything to the contrary contained in this Act, an insurer carrying on the business of life insurance shall be at liberty to declare an interim bonus or bonuses to policy‑holders whose policies mature for payment by reason of death or otherwise during the inter valuation period on the recommendation of ...

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