Indian Contract Act: Current Affairs, GK & News - 2020-2021
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 ..
Category: Economy & Banking Current Affairs