Section 2, Emergency Risks (Goods) Insurance Act, 1971 [S1M-RC4]

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

In Emergency Risks (Goods) Insurance Act, 1971 [A10-NN6]. This text from 11 August 1971. 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, Emergency Risks (Goods) Insurance Act, 1971 [S1M-RC4]. Machine: S1M-RC4.

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) "life insurance business" means the business of effecting contracts of insurance upon human life; (g) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (h) "prescribed" means prescribed by rules made under this Act.

Defined terms in this text (6)

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.

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

life insurance business: Section 2, Emergency Risks (Goods) Insurance Act, 1971 [S1MRC4] (In this Act, unless the context otherwise requires,—): "life insurance business" means the business of effecting contracts of insurance upon human life

life insurance business: 2 more definitions.

policy-holder: Section 2, Emergency Risks (Goods) Insurance Act, 1971 [S1MRC4] (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, Emergency Risks (Goods) Insurance Act, 1971 [S1MRC4] (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)

none

Cited by (1)

Rule 2, Emergency Risks (Goods) Insurance Act Rules, 1972 [S1N-SKK], 14 November 1972, Band A. " (2) Words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".

Not held (0)

none

Duties published under this section (0)

none