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Download as PDF; Printable version ... The Insurance Act, 1938 is a law originally passed in 1938 in British India ... The Insurance Act had resulted in the formation ...
There were few serious proposals for a comprehensive social insurance scheme in Australia before World War I, as it was seen as unfeasible. [2] In 1911, deputy opposition leader Joseph Cook told federal parliament that "the more I think of it the more convinced I am that we must come ultimately to a form of national insurance which will give every man–the millionaire as well as the poor man ...
No insurer shall accept any risk in any insurance business in India until the premium due has been received or advanced in the manner prescribed under section 64VB of the Insurance Act, 1938. If the insurance policy lapses without payment of the insurance premium within the due date, vehicle inspection is mandatory.
The Insurance Act of 1938 [9] was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalised on 19 January 1956, through the Life Insurance Corporation Act.
Download as PDF; Printable version; ... (laws enacted by the Parliament of India in 1938). ... Insurance Act, 1938
On 1 January 1973, GIC was notified as the reinsurer under Section 101 A of Insurance Act, 1938, [6] making it the Indian reinsurer for receiving obligatory cessions, a role hitherto played by two companies called India Reinsurance Corporation Limited (India Re) and Indian Guarantee and General Insurance Company Limited (Indian Guarantee).
It is governed by a number of acts. The first statute in India to regulate the life insurance business was the Indian Life Assurance Companies Act, 1912. The Insurance Act of 1938 [6] was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely ...
Download as PDF; Printable version; ... Insurance Act 2015; Insurance Act, 1938; L. ... Unemployment Insurance Act 1930