Lawgist46Application of the law in force in India to policies issued in India
The holder of a policy of insurance issued by an insurer in respect of insurance business transacted in 1[India] after the commencement of this Act shall have the right, notwithstanding anything to the contrary contained in the policy or in any agreement relating thereto, to receive payment in 1[India], of any sum secured thereby and to sue for any relief in respect of the policy in any Court of competent jurisdiction in 1[India]; and if the suit is brought in 1[India]; any question of law arising in connection with any such policy shall be determined according to the law in force in 1[India]:
2[Provided that nothing in this section shall apply to a policy of marine insurance.]
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1 Subs. by Act 62 of 1956, s. 2 and the First Schedule, for "the States" (w.e.f. 1-11-1956).
2 Ins. by Act 7 of 1944, s. 2 (w.e.f. 7-3-1944).
- 45 Policy not to be called in question on ground of mis-statement after two years
- 46 Application of the law in force in India to policies issued in India
- 47 Payment of money into Court
- 47A [Omitted.]
- 48A . Insurance agent or intermediary or insurance intermediary not to be director in insurance company
- 48B Further provision regarding directors
- 48C [Omitted.]
- 49 Restriction On dividends and bonuses
- 50 Notice of options available to the assured on the lapsing of a policy
- 51 Supply of copies of proposals and medical reports
- 52 Prohibition of business of dividing principle
