force majeure: GK, General Studies and Current Affairs

Life Insurance Council: “Force Majeure” does not apply for COVID-19 cases

Published: April 6, 2020

On April 6, 2020, the Life Insurance council announced that the “Force Majeure” clause will apply to COVID-19 deaths. Apart from the council, Kolkata Port Trust has also invoked force majeure. What is force Majeure? Force Majeure clause was introduced for unforeseen circumstances. This includes natural disasters, accidents, epidemics, pandemics. Legislation Force Majeure is a ..