Life Insurance Corporation Act, 1956 [A10-F46]
As at 7 September 2026. In force from 10 July 1956.
Sections (71)
Chapter I. PRELIMINARY
Chapter II. AUTHORITY
Chapter III. REGULATION OF THE CARRYING ON OF INSURANCE BUSINESS
Chapter IV. REGULATION OF THE HOLDING OF A POLICY
Chapter V. REGULATION OF THE BUSINESS OF AN INSURANCE INTERMEDIARY
Chapter VI. REGULATION OF THE SOLICITING OF INSURANCE BUSINESS
Chapter VII. OFFENCES AND PENALTIES
Chapter VIII. MISCELLANEOUS
Section 1. Short title, extent and commencement [S1D-KWY]
Section 2. Definitions [S1D-KXW]
Section 3. Appointment of Authority [S1D-KYT]
Section 4. Registration of insurances agent [S1D-KZR]
Section 5. Prohibition of the assessment of loss without licence [S1D-M0Z]
Section 6. Grant of licence [S1D-M1X]
Section 7. Maintenance of records and furnishing of returns [S1D-M2V]
Section 8. Powers of Controller of Insurance [S1D-M3S]
Section 9. Power to issue directions [S1D-M4Q]
Section 10. Power to exempt [S1D-M5N]
Section 11. Registration of insurers [S1D-M6K]
Section 12. Prohibition of the holding of a policy without licence [S1D-M7H]
Section 13. Grant of licence [S1D-M8F]
Section 14. Maintenance of records and furnishing of returns [S1D-M9D]
Section 15. Powers of Controller of Insurance [S1D-MAB]
Section 16. Power to issue directions [S1D-MB9]
Section 17. Power to exempt [S1D-MC7]
Section 18. Registration of insurances intermediary [S1D-MD5]
Section 19. Prohibition of the soliciting of insurance business without licence [S1D-ME3]
Section 20. Grant of licence [S1D-MF1]
Section 21. Maintenance of records and furnishing of returns [S1D-MGT]
Section 22. Powers of Controller of Insurance [S1D-MHR]
Section 23. Power to issue directions [S1D-MJY]
Section 24. Power to exempt [S1D-MKW]
Section 25. Registration of surveyors [S1D-MMJ]
Section 26. Prohibition of the carrying on of insurance business without licence [S1D-MNG]
Section 27. Grant of licence [S1D-MPP]
Section 28. Maintenance of records and furnishing of returns [S1D-MQM]
Section 29. Powers of Controller of Insurance [S1D-MRA]
Section 30. Power to issue directions [S1D-MS8]
Section 31. Power to exempt [S1D-MTE]
Section 32. Registration of policy-holders [S1D-MVC]
Section 33. Prohibition of the business of an insurance intermediary without licence [S1D-MW2]
Section 34. Grant of licence [S1D-MX0]
Section 35. Maintenance of records and furnishing of returns [S1D-MY6]
Section 36. Powers of Controller of Insurance [S1D-MZ4]
Section 37. Power to issue directions [S1D-N0V]
Section 38. Power to exempt [S1D-N1S]
Section 39. Registration of insurances agent [S1D-N2Z]
Section 40. Prohibition of the assessment of loss without licence [S1D-N3X]
Section 41. Grant of licence [S1D-N4K]
Section 42. Maintenance of records and furnishing of returns [S1D-N5H]
Section 43. Powers of Controller of Insurance [S1D-N6Q]
Section 44. Power to issue directions [S1D-N7N]
Section 45. Power to exempt [S1D-N8B]
Section 46. Registration of insurers [S1D-N99]
Section 47. Prohibition of the holding of a policy without licence [S1D-NAF]
Section 48. Grant of licence [S1D-NBD]
Section 49. Maintenance of records and furnishing of returns [S1D-NC3]
Section 50. Powers of Controller of Insurance [S1D-ND1]
Section 51. Power to issue directions [S1D-NE7]
Section 52. Power to exempt [S1D-NF5]
Section 53. Registration of insurances intermediary [S1D-NGY]
Section 54. Prohibition of the soliciting of insurance business without licence [S1D-NHW]
Section 55. Grant of licence [S1D-NJT]
Section 56. Maintenance of records and furnishing of returns [S1D-NKR]
Section 57. Powers of Controller of Insurance [S1D-NMP]
Section 58. Power to issue directions [S1D-NNM]
Section 59. Power to exempt [S1D-NPJ]
Section 60. Registration of surveyors [S1D-NQG]
Section 61. Prohibition of the carrying on of insurance business without licence [S1D-NRE]
Section 62. Grant of licence [S1D-NSC]
Section 63. Maintenance of records and furnishing of returns [S1D-NTA]
Section 64. Powers of Controller of Insurance [S1D-NV8]
Section 65. Penalty for contravention [S1D-NW6]
Section 66. Offences by companies [S1D-NX4]
Section 67. Appeal [S1D-NY2]
Section 68. Cognizance of offences [S1D-NZ0]
Section 69. Protection of action taken in good faith [S1D-P0Q]
Section 70. Power to make rules [S1D-P1N]
Section 71. Power to remove difficulties [S1D-P2K]
Made under
No recital of a power is printed.
Acts on (0)
none
Acted on by (2)
Amends: Life Insurance Corporation Act (Amendment) Act, 2011 [A11-F9M], 27 November 2011. "section 67 of the Life Insurance Corporation Act, 1956 (31 of 1956)".
Amends: Life Insurance Corporation Act (Amendment) Act, 1977 [A10-RVB], 16 July 1977. "section 67 of the Life Insurance Corporation Act, 1956 (31 of 1956)".
Not held (0)
none