Properties in India not to be insured with foreign insurers except with the permission of Authority
Section 2CB of the Insurance Act, 1938 deals with properties in India not to be insured with foreign insurers except with the permission of Authority. No person shall take out or renew any policy of insurance in respect of any property in India or any ship or other vessel or aircraft registered in India with an insurer whose principal place of business is outside India save with the prior permission of the Authority. The Act came into force on 01 Jul 1939.
1[2CB. Properties in India not to be insured with foreign insurers except with the permission of Authority. --(1) No person shall take out or renew any policy of insurance in respect of any property in India or any ship or other vessel or aircraft registered in India with an insurer whose principal place of business is outside India save with the prior permission of the Authority.
(2) If any person contravenes the provision of sub-section (1), he shall be liable to a penalty which may extend to five crore rupees.]
Section 2CB, The Insurance Act, 1938 (Act 4 of 1938).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 1
Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 2CB
What does Section 2CB of the Insurance Act deal with?
Section 2CB of the Insurance Act is headed "Properties in India not to be insured with foreign insurers except with the permission of Authority". [2CB. Properties in India not to be insured with foreign insurers except with the permission of Authority.
How do I find court cases under Section 2CB of the Insurance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insurance Act 1938 2CB, section 2CB Insurance Act 1938, section 2CB of the Insurance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 2CB of the Insurance Act, and has it changed?
1 other provision in this corpus refers back to it. One instrument names it without being made under it, most recently Insurance (Procedure for Holding Inquiry by Adjucating Officer) Rules, 2016 (2016).
When did Section 2CB of the Insurance Act come into force?
Section 2CB of the Insurance Act, cited as Insurance Act 1938 2CB, came into force on 01 Jul 1939, having been enacted on 26 Feb 1938. It is in force as at the date shown on this page.
Other sections of this Act
- 37A. Power of Authority to prepare Scheme of Amalgamation1733 words
- 3. Registration1612 words
- 2. Definitions1604 words
- 106. Power of Court to order restoration of property of insurer or compensation in certain cases1514 words
- 114A. Power of Authority to make regulations1275 words
- 6A. Requirements as to capital structure and voting rights and maintenance of registers beneficial owners of shares1136 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.