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The Insurance Act, 1938

Part II — PROVISIONS APPLICABLE TO INSURERS

Section 50Notice of options available to the assured on the lapsing of a policy

Read in the full Act
Section 50: Notice of options available to the assured on the lapsing of a policy

50. Notice of options available to the assured on the lapsing of a policy

An insurer shall, [before the expiry of three months from the date on which the premiums in respect of a policy of life insurance were payable but not paid], give notice to the policy-holder informing hi m of the options available to him [unless these are set forth in the policy.]

Amendment notes (2)
  1. Subs Subs. by Act 11 of 1939, s. 20, for "within three months of the lapsing of policy of life insurance".
  2. Added w.e.f. 8-4-1941 Added by Act 13 of 1941, s. 35 (w.e.f. 8-4-1941).