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....ority' or 'IFSCA' means the International Financial Services Centres Authority established under sub-section (1) of Section 4 of the Act; (c) 'cash deposit' means deposit of cash by the insured, policy holder or proposer to the IIO in advance towards adjustment of premium; (d) 'grace period' means the specified period of time immediately following the premium due date within whic....

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.... (g) 'premium payment warranty clause' refers to a clause incorporated in the contract of insurance, relating to the time and manner of payment of premium. (2) Words and expressions used and not defined in these Regulations but defined in the Act or Acts mentioned in the First Schedule to the Act or any rules, regulations made thereunder, shall have the same meanings respectively assigned t....