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HE LIABILITIES OF A INSURER IN INSOLVENCY OR LIQU COMPENSATION. *THE INS ACT NO. 4 OF 19381 [26th February, 1938.] An Act to consolidate and amend the law relating to the business of insurance. e It is hereby enacted as follows: — PRELIMINARY . — (1) This Act may be called the Insuranc
The Insurance Act, 1938 is a law originally passed in 1938 in British India to regulate the insurance sector. It provides the broad legal framework within which the industry operates.
PREAMBLE An Act to consolidate and amend the law relating to the business of insurance. WHEREAS it is expedient to consolidate and amend the law relating to the business of insurance; it is hereby enacted as follows: -- 1. Short title, extent and commencement. (1) This Act may be called the Insurance Act, 1938 .
Words and expression used and not defined in this Act but defined in the Life Insurance Corporation Act, 1956 (31 of 1956), the General Insurance Business (Nationalisation) Act, 1972 (57 or 1972), and the Insurance Regulatory and Development Authority Act, 1999 shall have the meanings respectively assigned to them in those Acts.
This act, titled The Insurance Act, 1938, provides detailed information on An Act to consolidate and amend the law relating to the business of insurance., passed in the year 1938, Act Number: 04 | Act ID: 193804 | Enactment Date: 26-Feb-1938 | Ministry: Ministry of Finance | Department: Department of Financial Services | Enforcement Date: 01-07 ...