Section 49, Emergency Risks (Goods) Insurance Act, 1971 [S1M-SVB]

As at 7 September 2026. In force from 11 August 1971.

In Emergency Risks (Goods) Insurance Act, 1971 [A10-NN6]. This text from 5 July 2006, by Act 64 of 2006 [A11-AYB]. Other texts (2): from 11 August 1971 to 4 January 1975; from 5 January 1975 to 4 July 2006.

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

Cite: Section 49, Emergency Risks (Goods) Insurance Act, 1971 [S1M-SVB]. Machine: S1M-SVB.

49. Maintenance of records and furnishing of returns.—(1) Every insurance agent shall maintain such records and registers relating to the soliciting of insurance business as may be prescribed and shall preserve them for a period of five years. (2) Every insurance agent shall furnish to the Authority a return in Form IRDA-2 within thirty days from the end of every financial year, and such other information as the Authority may, by order in writing, require.

Defined terms in this text (1)

Authority: Section 2, Emergency Risks (Goods) Insurance Act, 1971 [S1MRC4] (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.

Made under this section, or naming it (0)

none

Cited by (2)

Section 2, Emergency Risks (Goods) Insurance Act (Amendment) Act, 1975 [S1P-HVY], 5 January 1975, Band A. "section 49 of the Emergency Risks (Goods) Insurance Act, 1971 (50 of 1971)".

Section 2, Emergency Risks (Goods) Insurance Act (Amendment) Act, 2006 [S22-YZB], 5 July 2006, Band A. "section 49 of the Emergency Risks (Goods) Insurance Act, 1971 (50 of 1971)".

Not held (0)

none

Duties published under this section (0)

none