Section 56, Actuaries Act, 2006 [S23-0VW]

As at 7 September 2026. In force from 24 July 2006.

In Actuaries Act, 2006 [A11-B0P]. This text from 24 July 2006. 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 56, Actuaries Act, 2006 [S23-0VW]. Machine: S23-0VW.

56. Maintenance of records and furnishing of returns.—(1) Every insurer shall maintain such records and registers relating to the carrying on of insurance business as may be prescribed and shall preserve them for a period of five years. (2) Every insurer shall furnish to the Authority a return in Form IRDA-3 within sixty 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 (2)

Authority: Section 2, Actuaries Act, 2006 [S22Z5Y] (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, Actuaries Act, 2006 [S22Z5Y] (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.

Made under this section, or naming it (0)

none

Cited by (0)

none

Not held (0)

none

Duties published under this section (0)

none