MARINE INSURANCE ACT 1963 THE MARINE INSURANCE ACT‚ 1963 ACT NO. 11 OF 1963 [18th April‚ 1963.] An Act to codify the law relating to marine insurance. BE it enacted by Parliament in the Fourteenth Year of the Republic of India as follows:-Short title and commencement. 1. Short title and commencement. (1) This Act may be called the Marine Insurance Act‚ 1963. (2) It shall come into force on such date 1* as the Central Government may‚ by notification in the Official Gazette‚ appoint. Definitions.
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Universal Healthcare Insurance versus Single Payer Healthcare Insurance System The number of diseases imaging every day are so many that for personal income to cover for the expenses is a little challenging. Health cares both in the private and in public sector faces the challenges of the medical care facilitators including drugs and the medical equipment for example the diseases scanning machines and other medical equipment. The patients on the other hand without the cash at hand‚ accessing these
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DIFFICULTY LEVEL 1 (Part A) 1) The sum insured under the Deppt of Engg Insurance is stipulated as under. a) Market value b) Depreciated value c) Replacement value d) Present replacement value of equivalent new property in operational policies. Ans. d) Present replacement value of equivalent new property in operational policies. 2) What is the normal period of insurance in deptt of Engg Insurance. a) These are annual policies. b) In all policies period is either
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Despite the untold millions of pet owners in the U.S.‚ a huge percentage of them do not have any form of pet insurance; strange when you consider how attached people become to their animals and treating them like family members. When it comes to looking after our own health needs‚ we do not forget how important it is; so it makes sense that we should consider insurance to protect our pets. Contrary to the belief of many‚ this is an important monthly expense; this attitude quickly changes when these
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The Mutual Insurance Company of Iowa (MICI) has an office facility in Des Moines‚ Iowa that processes MICI’s insurance claims for the whole nation (Heizer & Render‚ 2008‚ p. 662). Due to the company’s rapid growth‚ MICI is experiencing insurance claims processing problems to the point where there is an increasing backlog of claims and claimants threatening to pursue legal action (Heizer & Render‚ 2008‚ p. 662 - 663). The claims processing manager‚ Sally Cook‚ is going to launch a JIT approach in
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5 IIBM Institute of Business Management IIBM Institute of Business Management Examination Paper MM.100 Industrial Relations Section A: Objective Type (30 marks) h This section consists of True and False & Short Answer type questions. h Answer all the questions. h Part One questions carry 1 mark each & Part Two questions carry 5 marks each. Part One: Multiple choices: 1. Workers participation in management decision-making is a highly________ concept. a. Duplex b. Complex c. Simplex
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public health insurance can help them out of medical expenses. Like the bourgeoisie‚ the sick can use public health insurance to reduce the financial burden. Public health insurance is helpful for the elderly and the disabled. Help to those who need help; there are more than 70 Canadians chose public health care. However‚ these health insurances for the health of the middle and high class is still not too much color role. But it is also the relative fairness of public medical insurance; they spend
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have health insurance. This has created lower prices for the care plans‚
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Allstate is a company founded in 1931 that specializes in automotive and homeowner insurance. Over the past 85 years‚ Allstate Insurance has provided its customers with excellent coverage for their homes and motor vehicles‚ branching out from the United States into Canada in 1964. This booming corporation made the list of the top fifty employers in Canada‚ according to Maclean’s Magazine in 2012. Their infamous slogan coined in 2004‚ “Are You In Good Hands?” extends to more than just their clients
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Conventional insurance versus takaful- The Islamic insurance Insurance in Islam is essentially a concept of mutual help. Insurance business under conventional system is based on uncertainty‚ which is prohibited in Islamic society under Islamic principles. So there is need to clear the difference between the conventional insurance and the Islamic insurance. ------------------------------------------------- An insurance contract minimizes the risk of loss due to accident or ill-fated situation
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