Act Number: 4

Act Name: The Insurance Act, 1938

Year: 1938

Enactment Date: 1938-02-26

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

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 27E: Prohibition for investment of funds outside India.
No insurer shall directly or indirectly invest outside India the funds of the policyholders.
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