Insurance Act, 1938

Insurance Act, 1938

Rs. 348.00 Rs. 435.00
Author : Commercial Law Publishers
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This 2024 Bare-Act edition of The Insurance Act, 1938 (Act 4 of 1938) compiles India’s core statute for regulating insurers and intermediaries with six key allied instruments—right up to the 2021 amendment that ushered in a 74 % FDI cap, fast-track licensing and IFR violations regime.


Inside this finance-yellow desk companion

• Principal Act—solvency margin, re-insurance cessions, asset-liability management, commission caps, corporate governance & IRDAI oversight, fully consolidated to 1-4-2021

• Insurance Rules 1959 (with 2020 valuation & solvency updates)

• Insurance Ombudsman Rules 2017—complaint formats, jurisdiction matrix & award enforcement timelines

• General Insurance Business (Nationalisation) Act 1972 (as amended 2021) for GIC/NIAs restructuring and IPO pathways

• Indian Insurance Companies (Foreign Investment) Rules 2015 reflecting 2021 74 % cap & “Indian control” tests

• Insurance Appellate Tribunal Rules 2016—appeal fees, filing check-list, e-hearing provisions

• Inquiry by Adjudicating Officer Rules 2016—step-wise procedure and penalty grids

• Margin call-outs: latest IRDAI circular numbers on sandbox, surety bonds, Bima Sugam & surrender value factors


On-hand utility

• Insurers craft board policies in line with s.27 investment norms and Rule 10 solvency triggers

• Brokers/advisors quote precise remuneration ceilings when drafting MoUs

• Ombudsman offices use ready extracts for maintainability rulings and award formats

• Finance-exam candidates (CA, CS, CMA, IRDAI licensing) revise the entire insurance law ecosystem from a single, ₹ 435 sewn-binding volume

 

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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About the author

Commercial Law Publishers

Commercial Law Publishers

Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on excise and customs; several titles on direct taxes as well as Sales Tax.

Commercial, in a way has brought about a reform in legal publishing by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.

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