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The Insurance Act, 1938

Section 2D. Insurers to be subject to this Act while liabilities remain unsatisfied.

1[2D. Insurers to be subject to this Act while liabilities remain unsatisfied. -- Every insurer shall be subject to all the provisions of this Act in relation to any class of insurance business so long as his liabilities in 2[India] in respect of business of that class remain unsatisfied or not otherwise provided for.]

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

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