Licentiate Exam - IC 02 Practice of Life Insurance Exam - Important Points

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  • Married Women's Property Act 1874 (MWP Act) - Section 6 provides for security of benefits under a life insurance policy to the wife and children.
  • Section 6 of the Married Womens Property Act, 1874 also provides for creation of a Trust
  • Beneficiaries under Section 6 of MWP Act - Wife alone, Wife and one or more children jointly, One or more children
  • The policy under MWP Act shall be beyond the control of court attachments, creditors and even the life assured.
  • The claim money shall be paid to the trustees under MWP Act 1874
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IC02 Practice of Life Insurance

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