Pg 12.13 pm ques 16, marine Hull insurance should be 100% provision ?? In pm they say provision is in order?? How?

1 answer

Ravi Staff October 22, 2018

Hello
First give reference of changes in law as mentioned in PM, then explain that it should be as per prescribed regulations. and further mention earlier limits to be on safer side. new limits are also same except that it provides for one more option of 1/365 method. but after selecting option it should be used consistently (now this not yet introduced in ca final module)
 

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