Bare Act Search Results

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Complete Act

State: Central

Year: 2002

.....and Development Authority Act, 1999 (41 of 1999) or the Insurance Rules, 1939 shall have the meanings respectively assigned to them in those Acts or the rules. Regulation 3 Point of Sale (1) Notwithstanding anything mentioned in Regulation 2(e) above, a prospectus of any insurance product shall clearly state the scope of benefits, the extent of insurance cover and in an explicit manner explain the warranties, exceptions and conditions of the insurance cover and, in case of life insurance, whether the product is participating (with profits) or non-participating (without profits). The allowable rider or riders on the product shall be clearly spelt out with regard to their scope of benefits, and in no case, the premium relatable to all the riders put together shall exceed 30% of the premium of the main product. Explanation. The rider or riders attached to a life policy shall bear the nature and character of the main policy, viz. participating or non-participating and accordingly the life insurer shall make provisions, etc. in its books. (2) An insurer or its agent or other intermediary shall provide all material information in respect of a proposed cover to the prospect.....

Code of Civil Procedure, 1908 Rule 1 to 23

Title: Discovery and Inspection

State: Central

Year: 1908

.....to minors This Order shall apply to minor plaintiffs and defendants, and to the next friends and guardians for the suit of persons under disability. ________________________ 1. Inserted by Act 46 of 1999, sec. 21(i) (w.e.f. 1-7-2002). 2. Substituted by Act 104 of 1976, section 61(ii), for "or on any other ground" (w.e.f. 1-2-1977). 3. Substituted by Act 46 of 1999, sec. 21(ii), for "at any time" (w.e.f. 1-7-2002). 4. Inserted by Act 104 of 1976 section 61(ii) (w.e.f. 1-2-1977). 5. Rule 21 renumbered as sub-rule (1) of that rule by Act 104 of 1976, section 61(iv) (w.e.f. 1-2-1977). 6. Substituted by Act 104 of 1976, section 61(iv)(a), for "an order may be made accordingly" (w.e.f. 1-2-1977). 7. Inserted by Act 104 of 1976, section 61(iv)(b) (w.e.f. 01.02.1977).

Insurance Act, 1938 (4 of 1938) Section 39

Title: Nomination by Policy-holder

State: Central

Year: 1938

.....section 6 of the Married Women's Property Act, 1874 ( 3 of 1874 ) applies8[or has at any time applied: Provided that where a nomination made whether before or after the commencement of the Insurance (Amendment) Act, 1946 , in favour of the wife of the person who has insured hi s life or of hi s wife and children or any of them is expressed, whether or not on the face of the policy, as being made under this section, the said section 6 shall be d eemed not to apply or not to have applied to the policy.] ________________________ 1. Insert by Act 11 of 1939, section 15. 2. The words "not being an absolute assignee of the benefits under the policy" omitted by Act 13 of 1941, section 26 (w.e.f. 8-4-1941). 3. Added by Act 47 of 1950, section 29 (w.e.f. 1-6-1950). 4. Substituted by Act 11 of 1939, section 15, for sub-section (3). 5. Added by Act 13 of 1941, section 26 (w.e.f. 8-4-1941). 6. Substituted by Act 11 of 1939, section 15, for "lifetime of the policy-holder". 7. Substituted by Act 11 of 1939, section 15, for "policy-holder". 8. Added by Act 6 of 1946, section 20 (w.e.f. 2-3-1946).

Insurance Act, 1938 (4 of 1938) Section 113

Title: Acquisition of Surrender Values by Policy

State: Central

Year: 1938

.....of Insurance" (w.e.f. 1-6-1950) and again substituted by Act 41 of 1999, section 30 and Schedule I, for "Controller" (w.e.f. 19-4-2000). 3. 1st January, 1942, vide Notification No. 530-1(27)/41, dated 6th December, 1941, published in the Gazette of India, 1941, Pt. I, p. 1754 4. Substituted by Act 41 of 1999, section 30 and Schedule I, for "Central Government" (w.e.f. 19-4-2000). 5. Sub-section (3) re-numbered as sub-section (4) by Act 13 of 1941, section 61 (w.e.f. 8-4-1941). 6. Substituted by Act 13 of 1941, section 61, for "This section shall not apply to" (w.e.f. 8-4-1941). 7. The original clause (a) omitted by Act 13 of 1941, section 61 (w.e.f. 8-4-1941). 8. Substituted by Act 13 of 1941, section 61, for original clause (b) (w.e.f. 8-4-1941). 9. The clauses (c) and (d) re-lettered as (b) and (c) respectively by Act 13 of 1941, section 61 (w.e.f. 8-4-1941).

Motor Vehicles Act, 1988 Section 147

Title: Requirements of Policies and Limits of Liability

State: Central

Year: 1988

.....and matters may be prescribed in different cases. (4) Where a cover note issued by the insurer under the provisions of this Chapter or the rules made thereunder is not followed by a policy of insurance within the prescribed time, the insurer shall, within seven days of the expiry of the period of the validity of the cover note, notify the fact to the registering authority in whose records the vehicle to which the cover note relates has been registered or to such other authority as the State Government may prescribe. (5) Notwithstanding anything contained in any law for the time being in force, an insurer issuing a policy of insurance under this section shall be liable to indemnify the person or classes of persons specified in the policy in respect of any liability which the policy purports to cover in the case of that person or those classes of persons. ______________________ 1 . Substituted by Act 54 of 1994, Section 46, for "injury to any person" (w.e.f. 14-11-1994).

Fiscal Responsibility and Budget Management Act 2003 Section 3

Title: Fiscal Policy Statements to Be Laid Before Parliament

State: Central

Year: 2003

.....market borrowings and other liabilities, lending and investments, pricing of administered goods and services, securities and description of other activities such as, underwriting and guarantees which have potential budgetary implications; (b) the strategic priorities of the Central Government for the ensuing financial year in the fiscal area; (c) the key fiscal measures and rationale for any major deviation in fiscal measures pertaining to taxation, subsidy, expenditure, administered pricing and borrowings; (d) an evaluation as to how the current policies of the Central Government are in conformity with the fiscal management principles set out in section 4 and the objectives set out in the Medium-term Fiscal Policy Statement. (5) The macro-economic framework statement shall contain as assessment of the growth prospects of the economy with specification of underlying assumptions. (6) In particular and without prejudice to the generality of the foregoing provisions the macro-economic framework statement shall contain an assessment relating to-- (a) the growth in the gross domestic product; (b) the fiscal balance of the Union Government as reflected in the revenue.....

Electricity Act, 2003 Part II

Title: National Electricity Policy and Plan

State: Central

Year: 2003

.....under clause (a). (5) The Authority may review or revise the National Electricity Plan in accordance with the National Electricity Policy. Section 4 - National policy on stand alone systems for rural areas and non-conventional energy systems The Central Government shall, after consultation with the State Governments, prepare and notify a national policy, permitting stand alone systems (including those based on renewable sources of energy and other non-conventional sources of energy) for rural areas. Section 5 - National policy on electrification and local distribution in rural areas The Central Government shall also formulate a national policy, in consultation with the State Governments and the State Commissions, for rural electrification and for bulk purchase of power and management of local distribution in rural areas through Panchayat Institutions, users' associations, co-operative societies, non-governmental organisations or franchisees. Section 6 - Joint Responsibility of State Government and Central Government in Rural Electrification 1[6. Joint Responsibility of State Government and Central Government in Rural Electrification-- The concerned State.....

Insurance Act, 1938 (4 of 1938) Section 38

Title: Assignment and Transfer of Insurance Policies

State: Central

Year: 1938

.....referred to in sub-section (2) are delivered. (4) Upon the receipt of the notice referred to in sub-section (2), the insurer shall record the fact of such transfer or assignment together with the date thereof and the name of the transferee or the assignee and shall, on the request of the person by whom the notice was given, or of the transferee or assignee, on payment of a fee not exceeding one rupee, grant a written acknowledgement of the receipt of such notice; and any such acknowledgement shall be conclusive evidence against the insurer that he has duly received the notice to which such acknowledgement relates. (5) 6 [Subject to the terms and conditions of the transfer or assignment, the insurer shall, from the date of receipt of the notice referred to in sub-section (2),] recognise the transferee or assignee named in the notice as the only person entitled to benefit under the policy, and such person shall be subject to all liabilities and equities to which the transferor or assignor was subject at the date of the transfer or assignment and may institute any proceedings in relation to the policy without obtaining the consent of the transferor or assignor or making him.....

Insurance Act, 1938 (4 of 1938) Section 4

Title: Minimum Limits for Annuities and Other Benefits Secured by Policies of Life Insurance

State: Central

Year: 1938

.....6 [Authority] mayby order in writing exempt from the provisions of this section, for so long asthe company complies with such conditions, if any, as may be prescribed].] ______________________ 1.Substituted by Act 10 of 1948, section 2, for certain words (w.e.f.8-3-1948). 2.Substituted by Act 47 of 1950, section 8, for "the Insurance Act,1938" (w.e.f. 1-6-1950). 3.Substituted by Act 6 of 1946, section 5, for "commencement of thisAct" (w.e.f. 20-3-1946). 4.Substituted by Act 6 of 1946, section 5, for "fifty rupees or less or agross sum of rupees five hundred or less" (w.e.f. 20-3-1946). 5.Substituted by Act 13 of 1941, section 5, for sub-section (2) (w.e.f. 8-4-1941). 6.Substituted by Act 47 of 1950, section 4, for "Superintendent ofInsurance" (w.e.f. 1-6-1950) and again substituted by Act 41 of 1999,section 30 and Schedule I, for "Controller" (w.e.f. 19-4-2000). 7.Added by Act 6 of 1946, section 6 (w.e.f. 20-3-1946).

Electricity Act, 2003 Section 3

Title: National Electricity Policy and Plan

State: Central

Year: 2003

.....Electricity Policy and tariff policy from time-to-time. (3) The Central Government may, from time-to-time, in consultation with the State Governments and the Authority, review or revise the National Electricity Policy and tariff policy referred to in sub-section (1). (4) The Authority shall prepare a National Electricity Plan in accordance with the National Electricity Policy and notify such plan once in five years: PROVIDED that the Authority while preparing the National Electricity Plan shall publish the draft National Electricity Plan and invite suggestions and objections thereon from licensees, generating companies and the public within such time as may be prescribed: PROVIDED FURTHER that the Authority shall-- (a) notify the plan after obtaining the approval of the Central Government; (b) revise the plan incorporating therein the directions, if any, given by the Central Government while granting approval under clause (a). (5) The Authority may review or revise the National Electricity Plan in accordance with the National Electricity Policy.