What does the Section 45 states?
What does the Section 45 states? According to Section 45 of the Insurance Act, 1938, no life insurance policy can be called into question on grounds of mis-statement or wrong disclosure after two years of the policy coming into force. Life insurers have sent a representation through the Life Insurance Council to the Rajya Sabha committee. What is the section of Insurance Act 1938? Prohibition of transaction of insurance business by certain persons. Section 2CA. Power of Central Government to apply provisions of this Act to Special Economic Zones....Language.Act ID:193804Short Title:The Insurance Act, 1938Long Title:An Act to consolidate and amend...