Insurance Policies Do Not Disclose The Expiry Of Insurance

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sandeep_mt
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Insurance Policies Do Not Disclose The Expiry Of Insurance

Post by sandeep_mt » Fri Mar 21, 2014 1:20 pm

Dear All

LC issuing bank has pointed out the discrepancy as below
.
''INSURANCE POLICIES DO NOT DISCLOSE THE EXPIRY OF INSURANCE.'' what does it mean kindly explain .

Afsheen
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Location: United Arab Emirates

expiry of insurance

Post by Afsheen » Fri Mar 21, 2014 6:55 pm

It is not a valid discrepancy. Please note as per IS BP 745 K9, an insurance document is not to indicate an expiry date for the presentation of any claims thereunder.

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