46. Application of the law in force in India to policies issued in India
The holder of a policy of insurance issued by an insurer in respect of insurance business transacted in [India] after the commencement of this Act shall have the right, notwithstanding anything to the contrary contained in the policy or in any agreement relating thereto, to receive payment in [India], of any sum secured thereby and to sue for any relief in respect of the policy in any Court of competent jurisdiction in [India]; and if the suit is brought in [India]; any question of law arising in connection with any such policy shall be determined according to the law in force in [India]:
[Provided that nothing in this section shall apply to a policy of marine insurance.]
Amendment notes (2)
- Subs w.e.f. 1-11-1956 Subs. by Act 62 of 1956, s. 2 and the First Schedule, for "the States" (w.e.f. 1-11-1956).
- Ins w.e.f. 7-3-1944 Ins. by Act 7 of 1944, s. 2 (w.e.f. 7-3-1944).