32B. Insurance business in rural and social sectors
[32B. Insurance business in [rural and social sectors].—Every insurer shall, after the commencement of the Insurance Regulatory and Development Authority Act, 1999 , undertake such percentages of life insurance business and general insurance business in the [rural and social sectors], as may by specified, in the Official Gazette by the Authority, in this behalf.]
Amendment notes (2)
- Ins w.e.f. 19-4-2000 . Ins. by Act 41 of 1999, s. 30 and the First Schedule (w.e.f. 19-4-2000).
- Subs w.e.f. 26-12-2014 . Subs. by Act 5 of 2015, s. 35, for "rural or social sector" (w.e.f. 26-12-2014).