Question

find out main features of government amendment act 1938 ?
(please give correct answer, its urgent)​

Answer 1

The Insurance Act, 1938

THE INSURANCE ACT, 1938 THE INSURANCE ACT, 1938

1. Short title, extent and commencement.—

(1) This Act may be called the Insurance Act, 1938. 1(2) It extends to the whole of India 2.

(3) It shall come into force on such date3 as the Central Government may, by notification in the Official Gazette, appoint in this behalf.

2 Definitions. —In this Act, unless there is anything repugnant in the subject or context,—

(1) “actuary” means an actuary possessing such 1 [qualifications as may be specified by the regulations made by the Authority];

2 (1A) “Authority” means the Insurance Regulatory and Development Authority established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999.

3 (2) “policy-holder” includes a person to whom the whole of the interest of the policy-holder in the policy is assigned once and for all, but does not include an assignee thereof whose interest in the policy is defeasible or is for the time being subject to any condition

Answer 2

Answer:

(1) This Act may be called the Insurance Act, 1938. 1

(2) It extends to the whole of India 2.

(3) It shall come into force on such date3 as the Central Government may, by notification in the Official Gazette, appoint in this behalf.

Explanation:

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