State the incorrect statement

In the event of loss of policy document, no fresh proposal needed
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 has to approach a competent court of law and obtain an order directing the insurer to issue a duplicate policy

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.

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