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The Insurance Act, 1938 is a law originally passed in 1938 in British India to regulate the insurance sector. It provides the broad legal framework within which the ...
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.
In 1938 the legislation was consolidated and amended by the Insurance Act, 1938, with comprehensive provisions to control the activities of insurers. The Insurance Amendment Act of 1950 abolished principal agencies, but the level of competition was high and there were allegations of unfair trade practices.
An Act to amend the National Health Insurance Act, 1936, in relation to persons who are, or who since the first day of August nineteen hundred and thirty-five have been, employed in the manner mentioned in subsection (2) of section two of that Act; and to make consequential amendments in the Widows', Orphans' and Old Age Contributory Pensions ...
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.
A car insurance declarations page contains a simplified version of your policy information. This includes: Policy number: This is a unique number assigned to your car insurance policy. This helps ...
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 ...
Insurance Act 2015; Insurance Act, 1938; L. ... Unemployment Insurance Act 1930 This page was last edited on 9 November 2023, at 12:56 (UTC). ...