Section 6
Restrictions on carrying on certain insurance business. Repealed
The Emergency Risks (Undertakings) Insurance Act, 1971
About this Act
An Act to make certain provisions for the insurance of certain property in India against damage arising from emergency risks and for matters connected therewith or incidental thereto.
(1) After the date on which the
Scheme is put into operation, no person shall, except as a person authorised by the Central Government as
its agent to issue policies in pursuance of the Scheme, carry on the business of insuring undertakings to
which this Act applies in India against emergency risks in respect of property insurable under this Act.
(2) Whoever contravenes the provisions of sub-section (1) shall be punishable with fine which may extend to five thousand rupees and with a further fine which may extend to one thousand rupees for every day after the first on which the contravention continues.
(2) Whoever contravenes the provisions of sub-section (1) shall be punishable with fine which may extend to five thousand rupees and with a further fine which may extend to one thousand rupees for every day after the first on which the contravention continues.