Bare Act Search Results

Home Bare Acts Phrase: insured

Insurance Act, 1938 (4 of 1938) Part II

Title: Provisions Applicable to Insurers

State: Central

Year: 1938

.....be made under the foregoing provisions of this section before the application for registration is made whether any such application is or is not in fact made.] (8) A deposit made in cash shall be held by the Reserve Bank of India to the credit of the insurer and shall 21 [except to the extent, if any, to which the cash has been invested in securities under sub-section (9A)] be returnable to the insurer in cash in any case in which under the provisions of this Act a deposit is to be returned; and any interest accruing due and collected on securities deposited under sub-section (1) or sub-section (2) shall be paid to the insurer, subject only to deduction of the normal commission chargeable for the realization of interest. 22 [(9) The insurer may at any time replace any securities deposited by him under this section with the Reserve Bank of India either by cash or by other approved securities or partly by cash and partly by other approved securities, provided that such cash, or the value of such other approved securities estimated at the market rates prevailing at the time of replacement, or such cash together with such value, as the case may be, is not less than the value of.....

View Complete Act List Judgments citing this section

Insurance Act, 1938 (4 of 1938) Complete Act

Title: Insurance Act, 1938 (4 of 1938)

State: Central

Year: 1938

.....liabilities remain unsatisfied Section2E - This Act not to apply to certain insurers, ceasing to enter into new contracts before commencement of Act Section3 - Registration Section3A - Renewal of registration Section3B - Certification of soundness of terms of life insurance business Section4 - Minimum limits for annuities and other benefits secured by policies of life insurance Section5 - Restriction on name of insurer Section6 - Requirement as to capital Section6A - Requirements as to capital structure and voting rights and maintenance of registers of beneficial owners of shares Section6AA - Manner of divesting excess shareholding by promoter in certain cases Section6B - Provision for securing compliance with requirements relating to capital structure Section6C - Conversion of company limited by shares into company limited by guarantee Section7 - Deposits Section8 - Reservation of deposits Section9 - Refund of Deposit Section10 - Separation of accounts and funds Section11 - Accounts and balance-sheet Section12 - Audit Section13 - Actuarial report and abstract Section14 - Register of policies and register of claims Section15 - Submission of returns .....

List Judgments citing this section

Life Insurance Corporation Act, 1956 Chapter 4

Title: Transfer of Existing Life Insurance Business to the Corporation

State: Central

Year: 1956

.....in the first instance, and if the amount so determined is approved by the Central Government it shall be offered to the insurer in full satisfaction of the compensation payable to him under this Act, and if, on the other hand, the amount so offered is not acceptable to the insurer he may within such time as may be prescribed for the purpose have the matter referred to the Tribunal for decision. Section 17 - Constitution of Tribunals (1) The Central Government may for the purposes of this Act constitute one or more Tribunals and each of the Tribunals shall consist of three members appointed by the Central Government one of whom shall be a person who is, or has been, a Judge of a High Court or has been a Judge of the Supreme Court, and he shall be the Chairman thereof. (2) A Tribunal may choose one or more persons possessing special knowledge of any matter relating to any case under inquiry to assist the Tribunal in determining any question which has to be decided by it under this Act. (3) Every Tribunal shall have the powers of a civil court while trying a suit under the Code of Civil Procedure, 1908 (5 of 1908), in respect of the following matters:- (a).....

View Complete Act List Judgments citing this section

General Insurance Business (Nationalisation) Act,1972 Chapter II

Title: Transfer to Public Ownership of Genral Insurance Business

State: Central

Year: 1972

.....Government to the concerned Indian insurance company, who shall, on receipt of such copy, and notwithstanding anything contained in the Companies Act or in its articles of association, forthwith rectify its register of members by including therein the persons mentioned in the notification as the holders of the shares specified therein. (5) For the removal of doubts it is hereby declared that the transfer and vesting of shares effected under sub-section (1) shall not be deemed to affect any right of the Indian insurance company subsisting immediately before the appointed day against any shareholder to recover from him any sum of money on the ground that that shareholder has not paid or credited to the insurer the whole or any part of the value of the shares held by him or on any other ground whatsoever. Section 5 - Transfer of undertakings of other existing insurers (1) On the appointed day, the undertaking of every existing insurer who is not an Indian insurance company shall stand transferred to and vested in the Central Government and the Central Government shall immediately thereafter provide, by notification, for the transfer to and vesting in such Indian insurance.....

View Complete Act List Judgments citing this section

Insurance Act, 1938 (4 of 1938) Amending Act 1

Title: Insurance (Amendment) Act, 2002

State: Central

Year: 1938

.....under this Act on or after the commencement of the Insurance (Amendment) Act, 2002.". 4. Amendment of section 15 In section 15 of the principal Act, in sub-section (1) for the portion beginning with the words "to the Authority in the case of the accounts and statements" and ending with the words "from the end of the period to which they refer", the words "to the Authority within six months from the end of the period to which they refer" shall be substituted. 5. Amendment of section 28A In section 28A of the principal Act, for the words "in the prescribed form" at both the places where they occur, the words ", in the form specified by the regulations made by the Authority" shall be substituted. 6. Amendment of section 28B In section 28B of the principal Act, for the words "in the prescribed form" at both the places where they occur, the words ", in the form specified by the regulations made by the Authority," shall be substituted. 7. Amendment of section 31B In section 31B of the principal Act, in sub-section (2), for the words "the sum of five thousand rupees in that year", the words "such sum as may be specified by the regulations made by the Authority" shall be.....

View Complete Act List Judgments citing this section

Insurance Act, 1938 (4 of 1938) Part IV

Title: Mutual Insurance Companies and Co-operative Life Insurance Societies

State: Central

Year: 1938

..... 4. Substituted by Act 13 of 1941, section 53, for "equal to one-third of the gross premium" (with restrospective effect). 5. Substituted by Act 6 of 1946, section 43, for "gross premium income received in the previous calendar year" (w.e.f. 20-3-1946). 6. Added by Act 13 of 1941, section 53 (with retrospective effect). 7. The words "Mutual Insurance Company and" omitted by Act 62 of 1968, section 32 (w.e.f. 1-6-1969). Section 98A - Prohibition of loans 1[ 98A . Prohibition of loans The provisions of section 29 shall apply to Cooperative Life Insurance Societies as they apply to other insurers,2[ * ** ].] _________________ 1. Inserted by Act 6 of 1946, section 44 (w.e.f. 20-3-1946). 2. Certain words omitted by Act 47 of 1950, section 56 (w.e.f. 1-6-1950). Section 99 - Transferees and assignees of policies not to become members No transferee or assignee of a policy issued by an insurer to whom this Part applies shall become a member of a Mutual Insurance Company or Co-operative Life Insurance Society merely by reason of any such transfer or assignment. Section 100 - Publication of notices and documents of Mutual Insurance Companies and.....

View Complete Act List Judgments citing this section

Deposit Insurance and Credit Guarantee Corporation Act, 1961 Amending Act 2

Title: Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978

State: Central

Year: 1961

.....may, in his discretion, at any stage of the proceedings, direct the personal attendance of the complainant"; (25) in the First Schedule, for the words "Deposit Insurance Corporation", wherever they occur, the words "Deposit Insurance and Credit Guarantee Corporation" shall be substituted. 1[***] ________________________ 1. Omitted by Act 81 of 1985, S. 12 (w.e.f. 1.5.1986) Prior to omission it read as under:- "CHAPTER IV Amendment To The Reserve Bank Of India Act, 1934 9. Amendment of Act 2 of 1934:-- In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted." 9. Amendment of Act 2 of 1934 In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted.

View Complete Act List Judgments citing this section

Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Chapter III

Title: Amendments to the Deposit Insurance Corporation Act, 1961

State: Central

Year: 1978

.....of the officer of the Corporation filing the complaint, but the Magistrate may, in his discretion, at any stage of the proceedings, direct the personal attendance of the complainant"; (25) in the First Schedule, for the words "Deposit Insurance Corporation", wherever they occur, the words "Deposit Insurance and Credit Guarantee Corporation" shall be substituted. 1[***] ________________________ 1. Omitted by Act 81 of 1985, S. 12 (w.e.f. 1.5.1986) Prior to omission it read as under:- "CHAPTER IV Amendment To The Reserve Bank Of India Act, 1934 9. Amendment of Act 2 of 1934:-- In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted."

View Complete Act List Judgments citing this section

Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 8

Title: Amendment of the Deposit Insurance Corporation Act, 1961

State: Central

Year: 1978

View Complete Act List Judgments citing this section

Insurance Act, 1938 (4 of 1938) Section 52H

Title: Power of Central Government to Acquire Undertakings of Insurers in Certain Cases

State: Central

Year: 1938

.....such vesting be deemed to have been the rights and liabilities of such acquiring insurer. (6) Unless otherwise expressly provided by or under this section or sections 52-I to 52M, all contracts, deeds, bonds, agreements, powers-of-attorney, grants of legal representation and other instruments of whatever nature subsisting or having effect immediately before the appointed day and to which the acquired insurer is a party or which are in favour, of the acquired insurer shall be of as full force and effect against or in favour, of the Central Government or, as the case may be, the acquiring insurer, and may be enforced or acted upon as fully and effectually as if in the place of the acquired insurer the Central Government or the acquiring insurer had been a party thereto or as if they had been issued in favour of the Central Government or the acquiring insurer, as the case may be. (7) If, on the appointed day, any suit, appeal or other proceedings of whatever nature, is pending by or against the acquired insurer, the same shall not abate, be discontinued or be, in any way prejudicially affected by reason of the transfer of the undertaking of the acquired insurer or of anything.....

View Complete Act List Judgments citing this section

<< Prev.
1
2
3
4
5
6
7
8
9
10
11
Next >>
Last >>

Sign-up to get more results

Unlock complete result pages and premium legal research features.

Start Free Trial