Office Memorandum No. 3395/2025/RASD of the Registration and Stamps Department, Government of Karnataka dated 11th January, 2025 on the issue of policies of insurance [C1A-12K]

No. 3395/2025/RASD

GOVERNMENT OF KARNATAKA

Registration and Stamps Department, Government of Karnataka

Bengaluru, dated the 11th January, 2025

OFFICE MEMORANDUM

Subject: The issue of policies of insurance by insurer issuing policies under the Karnataka Stamp Act, 1957, regarding.

1. The undersigned is directed to say that references have been received in the Registration and Stamps Department, Government of Karnataka on the manner in which the issue of policies of insurance by insurer issuing policies is to be regulated under the Karnataka Stamp Act, 1957.

2. The matter has been examined. Every insurer issuing policies carrying on the issue of policies of insurance shall make an application in Form E to the Inspector General of Registration within thirty days, accompanied by a fee of one hundred rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the issue of policies of insurance is undertaken, and the Inspector General of Registration shall dispose of it within thirty days of its receipt.

4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Registration and Stamps Department, Government of Karnataka.

(Secretary to Government)