Table of Contents (Display details)

• Insurance 
• PART I Preliminary
  • 1 Short title
  • 2 Interpretation
  • 3 Application
  • 4 Supervisor of Insurance
  • 5 Supervisor may act as arbitrator
  • 6 Registers to be maintained by Supervisor
• PART II Regulation of Insurance Companies
  • Registration
  • Deposits by Insurance Companies
  • Statutory Funds
  • Administrative and Accounting Requirements for Insurance Companies
  • Investigations by the Supervisor
  • Judicial Management and Winding-Up
• PART III Associations of Underwriters
  • 71 Associations of underwriters to be registered
  • 72 Applications for registration by associations of underwriters
  • 73 Conditions for registration
  • 74 Documents and information relating to insurance business to be furnished to the Supervisor
  • 75 Grounds for cancellation of registration
  • 76 Implementation of proposal to refuse to register or to cancel registration
  • 77 Registered association may be prohibited from writing new business
  • 78 Policies issued before rejection of application for or cancellation of registration
  • 79 Deposits by associations of under writers
• PART IV Registration of Insurance Intermediaries
  • 80 Registration of insurance intermediaries
  • 81 Application for registration
  • 82 General restrictions regarding registration
  • 82A Registration of brokers
  • 83 Conditions for registration
  • 84 Certificate of registration
  • 85 Grounds for cancellation of registration subject to right of appeal
  • 86 Implementation of proposal to refuse to register or to cancel registration
  • 87 Summary cancellation of registration
  • 88 Information to be supplied to Supervisor
  • 89 Prohibition of certificate of registration
• Miscellaneous Provisions Relating to Insurance Intermediaries
  • 90 Agency
  • 91 Fraudulent representation
  • 92 Liability for unlawful contracts
  • 93 Advertisement
  • 94 Failure to pay over premiums received on behalf of insurer, an offence
  • 95 Compensation to unauthorised person for placing or negotiating insurance, an offence
  • 96 Grant of rebates prohibited
  • 97 Bona fide salaried employees
  • 98 Returns from insurers
  • 99 Keeping of records and making of deposits by registered brokers
• PART V Long-Term Insurance Business
  • Issue of Policies
  • Group Life Insurance
  • Designation of Beneficiaries
  • Protection of Policies
  • Paid-Up Policies, Surrender Values and Non-Forfeiture
  • Payment of Policy Moneys
  • Provisions Relating to Industrial Life Insurance Business
  • Provisions Relating to Variable Insurance Business
  • Mutualisation
• PART VI General Insurance
  • Conditions
  • Motor Vehicle Insurance
• PART VII Miscellaneous
  • 158 Registers to be kept
  • 159 Registration of policies
  • 160 Insurance policy documents to be issued expeditiously
  • 161 Lost policy
  • 162 Effect of suicide or capital punishment on policy
  • 163 Condition as to war risk void
  • 164 Offences by company not to invalidate policies
  • 165 Jurisdiction of local courts
  • 166 Payment of moneys in local currency
  • 166A Currency in which major medical policies may be paid
  • 167 Power to pay money into court
  • 168 Approval required for notice offering shares for subscription
  • 169 Publication of authorised subscribed and paid-up capital
  • 170 Voting by post
  • 171 Inspection of documents
  • 172 Documents to be received in evidence
  • 173 Authority to sign documents
  • 174 Printing of documents
  • 175 Service of notices
  • 176 Power to collect statistics
  • 177 Decisions, etc. of Supervisor subject to review by Minister
  • 178 Gazetting of registration, etc.
  • 179 Restriction on use of insurance terms
  • 180 Extension of time limits
  • 181 Annual Report
  • 182 Regulations
  • 183 Exemptions
  • 183A Tax concessions
  • 184 Offences
  • 185 Penalties
  • 186 Non-application of certain provisions of Companies Act
  • 187 Married persons