Section 2, Insurance Act, 1938 [S18-6MX]

As at 6 September 2026. In force from 4 July 1938.

In Insurance Act, 1938 [A10-AKS]. This text from 4 July 1938. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 2, Insurance Act, 1938 [S18-6MX]. Machine: S18-6MX.

2. Definitions.—In this Act, unless the context otherwise requires,— (a) "insurer" means an Indian insurance company or a statutory body established by an Act of Parliament to carry on insurance business; (b) "policy-holder" includes a person to whom the whole of the interest of the policy-holder in the policy is assigned once and for all; (c) "Authority" means the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999); (d) "intermediary" includes insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrators, surveyors and loss assessors; (e) "premium" means the consideration payable under a policy; (f) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (g) "prescribed" means prescribed by rules made under this Act.

Defined terms in this text (5)

Authority: Section 2, Insurance Act, 1938 [S186MX] (In this Act, unless the context otherwise requires,—): "Authority" means the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)

Authority: 22 more definitions.

insurer: Section 2, Insurance Act, 1938 [S186MX] (In this Act, unless the context otherwise requires,—): "insurer" means an Indian insurance company or a statutory body established by an Act of Parliament to carry on insurance business

insurer: 7 more definitions.

intermediary: Section 2, Insurance Act, 1938 [S186MX] (In this Act, unless the context otherwise requires,—): "intermediary" includes insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrators, surveyors and loss assessors

intermediary: 25 more definitions.

policy-holder: Section 2, Insurance Act, 1938 [S186MX] (In this Act, unless the context otherwise requires,—): "policy-holder" includes a person to whom the whole of the interest of the policy-holder in the policy is assigned once and for all

policy-holder: 7 more definitions.

premium: Section 2, Insurance Act, 1938 [S186MX] (In this Act, unless the context otherwise requires,—): "premium" means the consideration payable under a policy

premium: 6 more definitions.

Made under this section, or naming it (0)

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Cited by (0)

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Not held (0)

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Duties published under this section (0)

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