NTIn ForceRegulation
BUILDING (RBI AND FIDELITY FUND SCHEMES) REGULATIONS 2012
13Relevant circumstances giving right entitlement to indemnity
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13 Relevant circumstances giving right entitlement to indemnity (1) The policy must specify that the beneficiary is entitled to be indemnified under the policy only if the relevant circumstances have occurred in relation to the guaranteed work. (2) For regulation 8(2)(a), the policy may specify that the insurer may make reasonable inquiries about the builder's whereabouts even if the beneficiary has already done so.