2D. Insurers to be subject to this Act while liabilities remain unsatisfied
[2D. Insurers to be subject to this Act while liabilities remain unsatisfied. — Every insurer shall be subject to all the provisions of this Act in relation to any class of insurance business so long as his liabilities in [India] in respect of business of that class remain unsatisfied or not otherwise provided for.]
Amendment notes (2)
- renumbered w.e.f. 1-6-1950 . Sections (2A) and (2B) renumbered as sections (2D) and (2E) thereof by Act 47 of 1950, s. 6 (w.e.f. 1-6-1950).
- Subs w.e.f. 1-11-1956 . Subs. by Act 62 of 1956, s. 2 the Schedule, for "the States" (w.e.f. 1-11-1956).