The Insurance Act, 1938 — Bare Act, All Sections & Free PDF
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Overview
An Act to consolidate and amend the law relating to the business of insurance.
Sections (Showing 1 to 10 of 207)
Section 1 to Section 3 (10 Sections)
Short title, extent and commencement.
(1) This Act may be called the Insurance Act, 1938. 1 [(2) It extends to the whole of India 2 ***.] (3) It shall come into force on such date 3 as the Central Government may, by no...
Definitions.
In this Act, unless there is anything repugnant in the subject or context, --- 1 [(1) "actuary" means an actuary as defined in clause (a) of sub-section (1) of section 2 of the Act...
Interpretation of certain words and expressions.
1 [2A. Interpretation of certain words and expressions. --- Words and expressions used and not defined in this Act but defined in the Life Insurance Corporation Act, 1956 (31 of 19...
Appointment of Controller of Insurance.
1 [2B. Appointment of Controller of Insurance. -- 2 [(1) If at any time, the Authority is superseded under sub-section (1) of section 19 of the Insurance Regulatory and Development...
Prohibition of transaction of insurance business by certain persons.
1 [ 2C. Prohibition of transaction of insurance business by certain persons. ---(1) Save as hereinafter provided, no person shall, after the commencement of the Insurance (Amendmen...
Power of Central Government to apply provisions of this Act to Special Economic Zones and International Financial Services Centres set up in Special Economic Zones.
1 [2CA. Power of Central Government to apply provisions of this Act to Special Economic Zones.-- The Central Government may, by notification, direct that any of the provisions of t...
Properties in India not to be insured with foreign insurers except with the permission of Authority.
1 [2CB. Properties in India not to be insured with foreign insurers except with the permission of Authority. -- (1) No person shall take out or renew any policy of insurance in res...
Insurers to be subject to this Act while liabilities remain unsatisfied.
1 [2D. Insurers to be subject to this Act while liabilities remain unsatisfied. -- Every insurer shall be subject to all the provisions of this Act in relation to any class of insu...
[Omitted.].
2E. [This Act not to apply to certain insurers, ceasing to enter into new contracts before commencement of Act].-- Omitted by the Insurance Laws (Amendment) Act, 2015 (5 of 2015), ...
Registration.
(1) No 2 [person] shall, after the commencement of this Act, begin to carry on any class of insurance business in 1 [India] and no insurer carrying on any class of insurance busine...
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Disclaimer: This bare act is reproduced for general informational and reference purposes only and does not constitute legal advice. Always verify provisions against the latest official gazette and consult a qualified advocate before relying on any section.