The Insurance (Amendment) Act, 2021 (TIAA) - Complete Bare Act with All 32 Sections | Law on Tips | Law on Tips
The Insurance (Amendment) Act, 2021 (TIAA) is an Indian legislation passed by the Parliament of India. An Act to amend the Insurance Act to increase FDI limit in insurance companies to 74 percent. It contains 32 sections organized across 7 chapters.
The Insurance (Amendment) Act, 2021
Act ID: insurance-amendment-act-2021
The Insurance (Amendment) Act, 2021
"An Act to amend the Insurance Act to increase FDI limit in insurance companies to 74 percent."
Overview
What is The Insurance (Amendment) Act, 2021 (TIAA)?
The The Insurance (Amendment) Act, 2021 (TIAA) is an Indian legislation containing 32 sections across 7 chapters. An Act to amend the Insurance Act to increase FDI limit in insurance companies to 74 percent.
Sections32 across 7 chapters
JurisdictionRepublic of India
Passed by
Parliament of India
AbbreviationTIAA
Verified by Law on Tips Editorial Team · Browse the complete table of contents below
Transfer of undertakings of other existing insurers. - (1) On the appointed day, the undertaking of every existing insurer who is not an Indian insurance company shall stand transferred to and vested in the Central Government and the Central Government shall immediately thereafter provide, by notification, for the transfer to and vesting in such Indian insurance company, as it may specify in the notification, of that undertaking
Right of acquiring company to seek relief in respect of certain transactions. - (1) Where an existing insurer has at any time within five years before the 13th day of May, 1971