Bare Act Search Results Home Bare Acts Phrase: annual bonus Year: 1938 Page 1 of about 34 results (0.001 seconds)

Insurance Act, 1938 (4 of 1938) Section 112

Title : Declaration of Interim Bonuses

State : Central

Year : 1938

..... insurance shall be at liberty to declare an interim bonus or bonuses to policy-holders whose policies mature .....

Insurance Act, 1938 (4 of 1938) Section 49

Title : Restriction on Dividends and Bonus

State : Central

Year : 1938

..... or paying any dividend to shareholders or any bonus to policy-holders or of making any payment ..... restriction on dividends and bonus 2 [(1)] no insurer, being an insurer specified in sub- .....

Insurance Act, 1938 Complete Act

State : Central

Year : 1938

..... this act an insurer carrying on the business of life insurance shall be at liberty to ..... the purposes of this schedule the following expressions have the meanings hereby respectively ..... to in sub-sections (1) and (2) is made annually by any insurer, the statement .....

Insurance Act, 1938 (4 of 1938) Part II

Title : Provisions Applicable to Insurers

State : Central

Year : 1938

..... the investigation referred to in sub-sections (1) and (2) is made annually by any ..... partly on the number of policies becoming claims within certain time-limits: provided that nothing ..... of a claim on a policy of life insurance assuring a sum not exceeding two thousand rupees .....

Insurance Act, 1938 (4 of 1938) Part V

Title : Miscellaneous

State : Central

Year : 1938

..... life insurance shall be at liberty to declare an interim bonus or bonuses to policy-holders ..... policy is one on which the maximum number of annual premiums payable is ..... as to the addition of the surrender value of the bonus attaching to a policy .....

Insurance Act, 1938 (4 of 1938) Schedule V

Title : The Fifth Schedule

State : Central

Year : 1938

..... assigned to them, namely:-- (a) "annual loading" means the provision made ..... deducting abatements made by application of bonus, of office premiums payable throughout life ..... after deducting abatements made by application of bonus, of office premiums payable for a .....

Insurance Act, 1938 (4 of 1938) Section 113

Title : Acquisition of Surrender Values by Policy

State : Central

Year : 1938

..... is one on which the maximum number of annual premiums payable is fixed and the ..... hundred rupees inclusive of any attached bonus, or takes the form of an annuity of ..... addition of the surrender value of the bonus attaching to a policy at surrender shall be .....

Insurance Act, 1938 (4 of 1938) Complete Act

Title : Insurance Act, 1938 (4 of 1938)

State : Central

Year : 1938

..... account, balance-sheet and annual statements section81 - actuarial ..... of notices section112 - declaration of interim bonuses section113 - acquisition of surrender values ..... section49 - restriction on dividends and bonus section50 - notice of options available .....

Insurance Act, 1938 (4 of 1938) Part III

Title : Provident Societies

State : Central

Year : 1938

..... to pay premiums or contributions; (k) the proportion of the annual income of ..... of the society is such that no surplus exists for distribution as bonus to ..... the benefits provided for by the society; (g) the circumstances in which a bonus may be paid to .....

Insurance Act, 1938 (4 of 1938) Section 52

Title : Prohibition of Business on Dividing Principle

State : Central

Year : 1938

..... be deemed to prevent an insurer from allocating bonuses to holders of policies of life insurance as a result ..... to the sums insured or as immediate cash bonuses or otherwise: provided further that an insurer .....