[amp_mcq option1=”In the event of loss of policy document, no fresh proposal needed” option2=”The insurer will in such an event issue a duplicate policy without making any change in the contract” option3=”No fresh underwriting is involved for issue of a duplicate policy” option4=”The assured has to approach a competent court of law and obtain an order directing the insurer to issue a duplicate policy” correct=”option4″]
The correct answer is D.
In the event of loss of policy document, the assured does not need to approach a competent court of law and obtain an order directing the insurer to issue a duplicate policy. The insurer will in such an event issue a duplicate policy without making any change in the contract. No fresh underwriting is involved for issue of a duplicate policy.
The assured can apply for a duplicate policy by submitting a request to the insurer along with a copy of the FIR lodged in case of theft or loss of the policy document. The insurer will then issue a duplicate policy without any delay.
The assured does not need to approach a court of law for the issue of a duplicate policy as it is a routine matter that is handled by the insurer.