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Insurance Act, 1938

 

Sections

Insurance Act, 1938

  
 PART III: PROVIDENT SOCIETIES
65.

Definition of "provident society"

65A.

Prohibition of transaction of insurance business by provident societies other than public companies or co‑operative societies

66.

Restrictions on provident societies

67.

Name

68.

Repealed

69.

Dividing business

70.

Registration

70A.

Renewal of registration

70B.

Supplementary information and reports of alterations in particulars furnished with application for registration

71.

Certain provisions of Part II to apply to provident societies

72.

Working capital

73.

Deposits

73A.

Restriction on name of provident society

74.

Rules

75.

Amendment of rules

76.

Supply of copy of rules

77.

Registered office

78.

Publication of authorised capital to contain also subscribed and paid-up capital

79.

Registers and books

80.

Revenue account, balance sheet and annual statements

81.

Actuarial report and abstract

82.

Submission of returns to Authority

83.

Actuarial examination of schemes

84.

Separation of accounts and funds

85.

Investment funds

86.

Inspection of books

87.

Inquiry by or on behalf of Authority

87A.

Amalgamation and transfer of insurance business

88.

Winding up by court and voluntary winding up

89.

Reduction of insurance contracts

90.

Appointment of liquidator

90A.

Application of Act to liquidators

91.

Powers of liquidator

92.

Procedure at liquidation

93.

Dissolution of provident society

94.

Nominations and assignments

  
 PART IV: MUTUAL INSURANCE COMPANIES AND CO OPERATTVE LIFE INSURANCE SOCIETIES
95.

Definitions

96.

Application of Act to Mutual Insurance Companies and Co-operative Life Insurance Societies

97.

Working capital of Mutual Insurance Companies and Co‑operative Life Insurance Societies

98.

Deposits to be made by Mutual Insurance Companies and Co‑operative Life Insurance Societies

98A.

Prohibition of loans

99.

Transferees and assignees of policies not to become members

100.

Publication of notices and documents of Mutual Insurance Companies and Co‑operative Life Insurance Societies

101.

Supply of documents to members

  
 PART IVA: RE INSURANCE
101A.

Re‑insurance with Indian re‑insurers

101B.

Advisory Committee

101C.

Examination of re‑insurance treaties

  
 PART V: MISCELLANEOUS
102.

Penalty for default in complying with, or act in contravention of, this Act

103.

Penalty for carrying on insurance business in contravention of sections 3, 7 and 98

104.

Penalty for false statement in document

105.

Wrongfully obtaining or withholding property

105A.

Offences by companies

105B.

Penalty for failure to comply with section 32B

105C.

Penalty for failure to comply with section 32C

106.

Power of court to order restoration of property of insurer or compensation in certain cases

106A.

Notice to and hearing of Authority

107.

Previous sanction of Advocate-General for institution of proceedings

107A.

Chairman, etc. to be public servants

108.

Power of court to grant relief

109.

Cognizance of offences

110.

Appeals

110A.

Delegation of powers and duties of Chairperson of the Authority

110B.

Signature of documents

110C.

Power to call for information

110D.

Certain claims for compensation barred

110E.

Sections 3A, 27B, 28B, 33, etc., to apply to general insurance business of the Life Insurance Corporation of India

110F.

Provisions applicable to State Governments, etc.

110G.

Constitution of Consultative Committee

110H.

Appeals

111.

Service of notices

112.

Declaration of interim bonuses

113.

Acquisition of surrender values by policy

114.

Power of Central Government to make rules

114A.

Power of authority to make regulation

115.

Alteration of forms

116.

Power to exempt from certain requirements

116A.

Summary of returns to be published

117.

Saving of provisions of Indian Companies Act, 1913

118.

Exemptions

119.

Inspection and supply of copies of published prospectus, etc.

120.

Determination of market value of securities deposited under this Act

 

Insurance Act, 1938

Section 1 - 44A | Section 45 - 64VC | Section 65 - 120

 

 

 

 

 

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