PART II MANAGEMENT BY ADMINISTRATOR When Administrator for management of insurance business may be appointed52A. (1) If at any time the Chief Controller has reason to believe that an insurer carrying on insurance business is acting in a manner likely ...

PART II SPECIAL PROVISIONS OF LAW Policy not to be called in question on ground of mis-statement after two years45. No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from ...

PART II COMMISSION AND REBATES AND LICENSING OF AGENTS Prohibition of payment by way of commission or otherwise for procuring business40. 54[(1) No person shall pay or contract to pay any remuneration or reward whether by way of commission or ...

PART II ASSIGNMENT OR TRANSFER OF POLICIES AND NOMINATIONS Assignment and transfer of insurance policies38. (1) A transfer or assignment of a policy of life insurance, whether with or without consideration, may be made only by an endorsement upon the ...

PART II AMALGAMATION AND TRANSFER OF INSURANCE BUSINESS Amalgamation and transfer of Insurance business35. (1) No life insurance business of an insurer specified in sub-clause (a) (ii) or sub-clause (b) of clause (9) of section 2 shall be transferred to ...

PART II INVESTIGATION Power of Chief Controller of Insurance to order investigation33. (1) The Chief Controller may, at any time investigate the affairs of an insurer and, wherever necessary, employ an auditor or actuary or both for assisting him in ...

PART II INVESTMENT, LOANS AND MANAGEMENT Investment of assets27. (1) Every insurer shall invest and at all times keep invested in the manner provided in sub-section (2) assets equivalent to not less than the sum of - (a) the amount ...

(3) No insurer other than a provident society as defined in Part III, who begins to carry on insurance business after the commencement of this Act, shall adopt as its name and so such insurer carrying on business before the ...

PART II PROVISIONS APPLICABLE TO INSURERS Insurers to be subject to this Act while liabilities remain unsatisfied17[2A. Every insurer shall be subject to all the provisions of this Act in relation to any class of insurance business so long as ...

( ACT NO. IV Of 1938 ) [ 26th February, 1938 ] এই আইনটি বীমা আইন, ২০১০ (২০১০ সনের ১৩ নং আইন) দ্বারা রহিত করা হইয়াছে। An Act to consolidate and amend the law relating to the business of insurance.♠ ...