Section 5: 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

Q: What does Section 5 of The Insurance (Amendment) Act, 2021 (TIAA) deal with?

Section 5 TIAA pertains to "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". It is part of the The Insurance (Amendment) Act, 2021, a legislation enacted by the Parliament of India. Section 5 of The Insurance (Amendment) Act, 2021 (TIAA) governs 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. As verified on 19 May 2026.

Q: Is Section 5 TIAA still in force?

Yes, Section 5 of the The Insurance (Amendment) Act, 2021 is currently in force across the Republic of India.

Q: What is धारा 5 TIAA?

धारा 5 TIAA is the Devanagari Hindi reference for Section 5 of the The Insurance (Amendment) Act, 2021. Section 5 of The Insurance (Amendment) Act, 2021 (TIAA) governs 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. As verified on 19 May 2026.

Q: What is Dhara 5 TIAA?

Dhara 5 TIAA is the Roman Hindi reference for Section 5 of the The Insurance (Amendment) Act, 2021. "Dhara" means "Section" in Hindi. Section 5 of The Insurance (Amendment) Act, 2021 (TIAA) governs 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. As verified on 19 May 2026.

Q: How to cite Section 5 of The Insurance (Amendment) Act, 2021?

Cite as: "Section 5, The Insurance (Amendment) Act, 2021 (TIAA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance (Amendment) Act, 2021, § 5 (India).

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Section 5 TIAA (The Insurance (Amendment) Act, 2021): 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 | Law on Tips | Law on Tips