Certification of soundness of terms of life insurance business
Section 3B of the Insurance Act, 1938 deals with certification of soundness of terms of life insurance business. If, when considering an application for registration under section 3 or at any other time, it appears to the [Authority] that the assured rates, advantages, terms and conditions offered or to be offered in connection with life insurance business are in any respect not workable or sound, it may requi The Act came into force on 01 Jul 1939.
2[3B. Certification of soundness of terms of life insurance business.-- If, when considering an application for registration under section 3 or at any other time, it appears to the 1[Authority] that the assured rates, advantages, terms and conditions offered or to be offered in connection with life insurance business are in any respect not workable or sound, it may require that a statement thereof shall be submitted to an actuary appointed by the insurer for the purpose and approved by the 1[Authority], and may by order in writing further require the insurer to make within such time as may be specified in the order such modifications in the said rates, advantages, terms or conditions, as the case may be, as the said actuary may report to be necessary to enable him to certify that the said rates, advantages, terms and conditions are workable and sound.]
Section 3B, 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.
This section refers to
Questions about Section 3B
What does Section 3B of the Insurance Act deal with?
Section 3B of the Insurance Act is headed "Certification of soundness of terms of life insurance business". [3B. Certification of soundness of terms of life insurance business.-- If, when considering an application for registration under section 3 or at any other time, it appears to the [Authority] that the assured rates, advantages, terms and conditions offered or to be offered in connection with life in
How do I find court cases under Section 3B 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 3B, section 3B Insurance Act 1938, section 3B 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 3B of the Insurance Act, and has it changed?
Its own text turns on section 3 (Registration), so none of them can safely be read on its own.
When did Section 3B of the Insurance Act come into force?
Section 3B of the Insurance Act, cited as Insurance Act 1938 3B, 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 22 Oct 2026. This page is not a substitute for legal advice.