Section 32BCentral Act

Section 32B: Insurance business in rural and social sectors.

The Insurance Act, 1938

¹[32B. Insurance business in ²[rural and social sectors].--Every insurer shall, after the commencement of the Insurance Regulatory and Development Authority Act, 1999 , undertake such percentages of life insurance business and general insurance business in the ²[rural and social sectors], as may by specified, in the Official Gazette by the Authority, in this behalf.]

1. Ins. by Act 41 of 1999, s. 30 and the First Schedule (w.e.f. 19-4-2000).
2. Subs. by Act 5 of 2015, s. 35, for "rural or social sector" (w.e.f. 26-12-2014).

Sec 32A — Prohibition of common officers and requirement as to whole-time officers.

Sec 32C — Obligations of insurer in respect of rural or unorganised sector and backward classes.

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