Section 25:
Omitted.
[Properties in India not to be insured with foreign insurers except with permission of Central
Government.] Omitted by the Insurance Laws (Amendment) Act, 2015 (5 of 2015), s. 104
(w.e.f. 26-12-2014).
57/1972 - The General Insurance Business (Nationalisation) Act, 1972 ▶
Act Number: 57
Act Name: The General Insurance Business (Nationalisation) Act, 1972
Year: 1972
Enactment Date: 1972-09-20
Long Title: An Act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the needs of the economy by securing the development of general insurance business in the best interests of the community and to ensure that the operation of the economic system does not result in the concentration of wealth to the common detriment, for the regulation and control of such business and for matters connected therewith or incidental thereto.
Ministry: Ministry of Finance
Department: Department of Financial Services