Licentiate Examination - IC 14 - Regulation of Insurance Business Exam - Important Points
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The font size of key feature Document should be 14 size of Times New Roman.
There are two stages of an insurance policy - pre-sale and post-sale. Proposal for insurance falls in the pre-sale stage of insurance.
The ceiling limit of all riders put together is 30% of the premium of the basic product.
Policy Bond is a legal document, setting out the terms and conditions of contract. A policy bond is a legal document setting out the terms and conditions of the contract.
A surveyor should be appointed to assess the loss / claim if the loss or claim amount is Rs 50,000 or more.
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