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Unit 6: The Insurance Act, 1938

6. Describe the main provisions of the Insurance Act, 1938. Notes
7. Briefly explain the registration of principal agents, chief agents and special agents.
8. Explain the regulation of employment of principal agents.
9. Briefly discuss the renewal of registration.

10. What do you understand by capital requirements mentioned in the Insurance Act?

Answers: Self Assessment

1. Investment 2. General
3. Liabilities 4. Government
5. Certificate 6. Disqualifications

7. Writing 8. Thirty
9. Register 10. Premium
11. Annually 12. Renewal
13. Ordinary 14. Paid-up

6.10 Further Readings

Books Gulati, Neelam. C. (2011), Banking and Insurance, Excel Books.

Gulati, Neelam. C. (2013), Principles of Risk Management and Insurance, Excel Books.
Krishnaswamy. G. (2009), Principles and Practice of Life Insurance, Excel Books.
Misra, M.N. and Mishra, S.B. (2009), Insurance Principles and Practices, S. Chand
Publication.
Sahoo and Das (2009), Insurance Management: Text and Case, Himalaya Publication.

Online link http://www.du.ac.in/fileadmin/DU/Academics/course_material/BI_02.pdf

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