| Sections | Insurance Act, 1938 |
| | |
| | Special Provisions of Law |
| 45. | Policy not to be called in question on ground of mis‑statement after two years |
| 46. | Application of the law in force in India to policies issued in India |
| 47. | Payment of money into court |
| 47A. | Claims on small life insurance Policies |
| 48. | Directors of insurers being companies |
| 48A. | Life insurance agents not to be directors of life insurance companies |
| 48B. | Further provision regarding directors |
| 48C. | Repealed |
| 49. | Restriction on dividends and bonus |
| 50. | Notice of options available to the assured on the lapsing of a policy |
| 51. | Supply of copies of proposals and medical reports |
| 52. | Prohibition of business on dividing principle |
| | |
| | Management by Administrator |
| 52A. | When Administrator for management of insurance business may be appointed |
| 52B. | Powers and duties of the Administrator |
| 52BB. | Powers of Administrator respecting property liable to attachment under section 106 |
| 52C. | Cancellation of contracts and agreements |
| 52D. | Termination of appointment of Administrator |
| 52E. | Finality of decision appointing Administrator |
| 52F. | Penalty for withholding documents of property from Administrator |
| 52G. | Protection of action taken under sections 52A to 52D |
| | |
| | Acquisition of the Undertakings of Insurers in certain cases |
| 52H. | Power of Central Government to acquire undertakings of insurers in certain cases |
| 52-I. | Power of Central Government to make scheme |
| 52J. | Compensation to be given to the acquired insurer |
| 52K. | Constitution of the Tribunal |
| 52L. | Tribunal to have powers of Civil Court |
| 52M. | Procedure of the Tribunal |
| 52N. | Special provisions for the dissolution of acquired insurers |
| | |
| | Winding up |
| 53. | Winding up by the court |
| 53A. | Unpaid-up share capital |
| 54. | Voluntary winding up |
| 55. | Valuation of liabilities |
| 56. | Application of surplus assets of life insurance fund in liquidation or insolvency |
| 57. | Winding up of secondary companies |
| 58. | Scheme for partial winding up of insurance companies |
| 59. | Return of deposits |
| 60. | Notice of policy values |
| 61. | Power of Court to reduce contracts of insurance |
| | |
| | Special Provisions relating to External Companies |
| 62. | Power of Central Government to impose reciprocal disabilities on Non-Indian companies |
| 63. | Particulars to be filled by insurers established outside India |
| 64. | Books to be kept by insurers established outside India |
| | |
| | PART II A: INSURANCE ASSOCIATION OF INDIA, COUNCIL OF THE ASSOCIATION AND COMMI1lEES THEREOF |
| 64A. | Incorporation of the Insurance Association of India |
| 64B. | Entry of names of members in the register |
| 64C. | Councils of the Insurance Association of India |
| 64D. | Authority of members of association to act through agents |
| 64E. | Authorities of the Life Insurance Council and the General Insurance Council |
| 64F. | Executive Committees of the Life Insurance Council and the General Insurance Council |
| 64G. | Resignation and filling up of casual vacancies |
| 64H. | Duration and dissolution of Executive Committees |
| 64-I. | Power of Executive Committee of Life Insurance Council to hold examinations for insurance agents |
| 64J. | Functions of executive committee of Life Insurance Council |
| 64K. | Executive Committee of Life Insurance Council may advise in controlling expenses |
| 64L. | Functions of the executive committee of General Insurance Council |
| 64M. | Executive Committee of General Insurance Council may advise in controlling expenses |
| 64N. | Powers of the Executive Committees to act together in certain cases |
| 64-O. | Repealed |
| 64P. | Repealed |
| 64Q. | Repealed |
| 64R. | General powers of Life Insurance Council and General Insurance Council |
| 64S. | Power of Central Government to remove difficulties |
| 64T. | Power to exempt |
| | |
| | PART IIB: TARIFF ADVISORY COMMITTEE AND CONTROL OF TARIFF RATES |
| 64U. | Establishment of Tariff Advisory Committee |
| 64UA. | Composition of the Advisory Committee |
| 64UB. | Power to make rules in respect of matters in this Part |
| 64UC. | Power of the Advisory Committee to regulate rates, advantages, etc. |
| 64UD. | Transitional provisions |
| 64UE. | Power of the Advisory Committee to require information, etc. |
| 64UF. | Assets and liabilities of the General Insurance Council to vest in the Advisory Committee |
| 64UG. | Contracts, etc., to be effective by or against the Advisory Committee |
| 64UH. | Employees, etc., to continue |
| 64UI. | Duty of person having custody or control of property to deliver such property to the Advisory Committee |
| 64UJ. | Power of the Advisory Committee to constitute Regional Committees |
| 64UK. | Levy of fees by the Advisory Committee |
| 64UL. | Power to rename difficulties |
| 64UM. | Licensing of surveyors and loss assessors |
| | |
| | PART IIC: SOLVENCY MARGIN, ADVANCE PAYMENT OF PREMIUM AND RESTRICTIONS ON THE OPENING OF A NEW PLACE OF BUSINESS |
| 64V. | Assets and liabilities how to be valued |
| 64VA. | Sufficiency of assets |
| 64VB. | No risk to be assumed unless premium is received in advance |
| 64VC. | Restrictions on the opening of a new place of business |
