Question

Section 135 of the Transfer of Property Act, 1882 deals with the provision for the assignment of rights under the policy of ____ insurance.

• A. Life
• B. Marine
• C. Fire
• D. Agriculture

Hint:

Section 135 TPA applies to assignment of rights under fire insurance policies.

Answer 1

The Correct Option is C

Step 1: Scope of Section 135 of the Transfer of Property Act, 1882.
Section 135 of the Transfer of Property Act specifically deals with the assignment of rights under certain insurance policies.
Step 2: Type of insurance covered.
The provision expressly applies to fire insurance policies and recognizes the transfer of rights under such policies by way of assignment.
Step 3: Exclusion of other types of insurance.
Life insurance and marine insurance are governed by separate principles and statutes, and are not covered under Section 135 of the Transfer of Property Act.
Step 4: Conclusion.
Therefore, the correct answer is (C) Fire.