Definition of general insurance business clarifies scope and excludes capital redemption and annuity certain business under the Act. General insurance business is defined to mean fire, marine or miscellaneous insurance business, whether carried on singly or in combination; the ... Summary
Definition of general insurance business clarifies scope and excludes capital redemption and annuity certain business under the Act.
General insurance business is defined to mean fire, marine or miscellaneous insurance business, whether carried on singly or in combination; the definition expressly excludes capital redemption business and annuity certain business, thereby delineating the scope of activities subject to the Act.
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