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Section40C
The Insurance Act, 1938

Limitation of expenses of management in general insurance business

In force From 01 Jul 1939 Act 4 of 1938 As on 15 Oct 2026

Act 4 of 1938 Ministry Finance Enacted 26 Feb 1938 In force 01 Jul 1939 Cited by 4 provisions Instruments 3

Section 40C of the Insurance Act, 1938 deals with limitation of expenses of management in general insurance business. insurance business. --Every insurer transacting insurance business in India shall furnish to the Authority, the details of expenses of management in such manner and form as may be specified by the regulations made under this Act.] The Act came into force on 01 Jul 1939.

1[40C. Limitation of expenses of management in general, health insurance and re-insurance business. --Every insurer transacting insurance business in India shall furnish to the Authority, the details of expenses of management in such manner and form as may be specified by the regulations made under this Act.]

Section 40C, 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 4

  1. s. 44A Power to call for information
  2. s. 64M Executive Committee of General Insurance Council may advise in controlling expenses
  3. s. 110F Provisions applicable to state Governments, etc
  4. s. 114A Power of Authority to make regulations

Made under this section, and citing it

2 instruments state that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.

Another 1 instrument names this provision in its title or its text without being made under it.

All subordinate legislation

Questions about Section 40C

What does Section 40C of the Insurance Act deal with?

Section 40C of the Insurance Act is headed "Limitation of expenses of management in general insurance business". [40C. Limitation of expenses of management in general, health insurance and re-insurance business.

How do I find court cases under Section 40C 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 40C, section 40C Insurance Act 1938, section 40C 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 40C of the Insurance Act, and has it changed?

4 other provisions in this corpus refer back to it. The rules and notifications made under it are where it actually bites, and there are 2: most recently Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting General or Health Insurance business) Regulations, 2023 (2023), then Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting life insurance business) Regulations, 2023 (2023).

When did Section 40C of the Insurance Act come into force?

Section 40C of the Insurance Act, cited as Insurance Act 1938 40C, 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

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 15 Oct 2026. This page is not a substitute for legal advice.