Section 52D

Termination of appointment of Administrator.

The Insurance Act, 1938

  • Act 4 of 1938
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to consolidate and amend the law relating to the business of insurance.

All sections
    1[52D. Termination of appointment of Administrator. --If at any time, it appears to the Authority that the purpose of the order appointing the Administrator has been fulfilled or that, for any reason, it is undesirable that the order of appointment should remain in force, the Authority may cancel the order and thereupon the Administrator shall be divested of the management of the insurance business which shall, unless otherwise directed by the Authority, again vest in the person in whom it was vested immediately prior to the appointment of the Administrator or any other person appointed by the insurer in this behalf.]

Notes

1. Subs. by s. 61, ibid., for section 52D (w.e.f. 26-12-2014).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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