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1[2D. Insurers to be subject to this Act while liabilities remain unsatisfied. -- Every insurer shall
be subject to all the provisions of this Act in relation to any class of insurance business so long as his
liabilities in 2[India] in respect of business of that class remain unsatisfied or not otherwise provided for.]
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1. Sections (2A) and (2B) renumbered as sections (2D) and (2E) thereof by Act 47 of 1950, s. 6 (w.e.f. 1-6-1950).
2. Subs. by Act 62 of 1956, s. 2 the Schedule, for "the States" (w.e.f. 1-11-1956).