Section 45 of Insurance Act, 1938 safeguards the interests of –

A. Insurers

B. Policyholders

C. Assignees

D. Nominees

Answer: Option B

Solution(By Examveda Team)

Section 45 of Insurance Act, 1938 safeguards the interests of Policyholders. It also takes due care of the interest of both Insurers and Insured.