Page 102 - IC38 GENERAL INSURANCE

Minors are not eligible to contract a life insurance contract.
Answer 7
The correct option is III.
Disclosing known material facts on an insurance proposal form is in tune with
the principle of “Uberrima Fides”.
Answer 8
The correct option is III.
Friends cannot take out insurance on one another as there is no insurable
interest present.
Answer 9
The correct option is I.
In case of life insurance insurable interest needs to be present at the time of
taking out insurance.
Answer 10
The correct option is III.
Falling off the horse is the proximate cause for Ajay‟s death.

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