Pick out the incorrect statement out of the following ones.

A. A policy document has to be signed by a competent authority authorised by the company, but it need not be stamped as per Indian Stamp act

B. Stamping the document is compulsory but it may be signed by anyone in the insurer’s office

C. Policy itself need not be issued by the insurer

D. All of the above

Answer: Option D

Solution(By Examveda Team)

All the statements are incorrect.
A policy document has to be signed by a competent authority authorised by the company and it need to be stamped as per Indian Stamp act, Stamping the document is compulsory but it has to be signed insurer and Policy itself need to be issued by the insurer.