INS 314 Theory QUESTIONS: Essential Documents and Clauses in Motor Insurance Contracts: A Guide to Policy Requirements

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

a. List and briefly explain the traditional documents found in motor insurance contract.
b. What are the main headings of motor insurance certificate as laid down in Motor Vehicles (Third Party Insurance) Act, 1945?
c. Explain the reason why an Arbitration Clause is normally incorporated under motor insurance policy.

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