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Section52B
The Insurance Act, 1938

Powers and duties of the Administrator

In force From 01 Jul 1939 Act 4 of 1938 As on 17 Oct 2026

Act 4 of 1938 Ministry Finance Enacted 26 Feb 1938 In force 01 Jul 1939 Cited by 1 provision

Section 52B of the Insurance Act, 1938 deals with powers and duties of the Administrator. The Administrator shall conduct the management of the business of the insurer with the greatest economy compatible with efficiency and shall, as soon as may be possible, file with the [Authority] a report stating which of the following courses is in the circumstances most advantageous to the general The Act came into force on 01 Jul 1939.

(1) The Administrator shall conduct the management of the business of the insurer with the greatest economy compatible with efficiency and shall, as soon as may be possible, file with the 2[Authority] a report stating which of the following courses is in the circumstances most advantageous to the general interests of the holders of life insurance policies, namely: --

(a) the transfer of the business of the insurer to some other insurer;

(b) the carrying on of its business by the insurer (whether with the policies of the business continued for the original, sum insured with the addition of bonuses that attach to the policies or for reduced amounts);

(c) the winding up of the insurer; and

(d) such other course as he deems advisable.

(2) On the filing of the report with the 1[Authority], the 1[Authority] may take such action as he thinks fit for promoting the interests of the holders of life insurance policies in general.

(3) Any order passed by the 1[Authority] under sub-section (2) shall be binding on all persons concerned, and shall have effect notwithstanding anything in the memorandum or articles of association of the insurer, of a company.

Section 52B, 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

  1. s. 52G Protection of action taken under sections 52A to 52D

Questions about Section 52B

What does Section 52B of the Insurance Act deal with?

Section 52B of the Insurance Act is headed "Powers and duties of the Administrator". The Administrator shall conduct the management of the business of the insurer with the greatest economy compatible with efficiency and shall, as soon as may be possible, file with the [Authority] a report stating which of the following courses is in the circumstances most advantageous to the general

How do I find court cases under Section 52B 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 52B, section 52B Insurance Act 1938, section 52B 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 52B of the Insurance Act, and has it changed?

1 other provision in this corpus refers back to it.

When did Section 52B of the Insurance Act come into force?

Section 52B of the Insurance Act, cited as Insurance Act 1938 52B, 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 17 Oct 2026. This page is not a substitute for legal advice.