Section 20: Balance of profit how to be utilised. - (1) After making provision for bad and doubtful debts, depreciation in assets, provident, superannuation, welfare and other funds, debts due to Government and all other matters for which provision is necessary under any law or which are usually provided for by insurance companies, every acquiring company shall distribute the balance of profit as dividends

Q: What does Section 20 of The Insurance (Amendment) Act, 2021 (TIAA) deal with?

Section 20 TIAA pertains to "Balance of profit how to be utilised. - (1) After making provision for bad and doubtful debts, depreciation in assets, provident, superannuation, welfare and other funds, debts due to Government and all other matters for which provision is necessary under any law or which are usually provided for by insurance companies, every acquiring company shall distribute the balance of profit as dividends". It is part of the The Insurance (Amendment) Act, 2021, a legislation enacted by the Parliament of India. Section 20 of The Insurance (Amendment) Act, 2021 (TIAA) governs balance of profit how to be utilised. - (1) After making provision for bad and doubtful debts, depreciation in assets, provident, superannuation, welfare and other funds, debts due to Government and all other matters for which provision is necessary under any law or which are usually provided for by insurance companies, every acquiring company shall distribute the balance of profit as dividends. As verified on 19 May 2026.

Q: Is Section 20 TIAA still in force?

Yes, Section 20 of the The Insurance (Amendment) Act, 2021 is currently in force across the Republic of India.

Q: What is धारा 20 TIAA?

धारा 20 TIAA is the Devanagari Hindi reference for Section 20 of the The Insurance (Amendment) Act, 2021. Section 20 of The Insurance (Amendment) Act, 2021 (TIAA) governs balance of profit how to be utilised. - (1) After making provision for bad and doubtful debts, depreciation in assets, provident, superannuation, welfare and other funds, debts due to Government and all other matters for which provision is necessary under any law or which are usually provided for by insurance companies, every acquiring company shall distribute the balance of profit as dividends. As verified on 19 May 2026.

Q: What is Dhara 20 TIAA?

Dhara 20 TIAA is the Roman Hindi reference for Section 20 of the The Insurance (Amendment) Act, 2021. "Dhara" means "Section" in Hindi. Section 20 of The Insurance (Amendment) Act, 2021 (TIAA) governs balance of profit how to be utilised. - (1) After making provision for bad and doubtful debts, depreciation in assets, provident, superannuation, welfare and other funds, debts due to Government and all other matters for which provision is necessary under any law or which are usually provided for by insurance companies, every acquiring company shall distribute the balance of profit as dividends. As verified on 19 May 2026.

Q: How to cite Section 20 of The Insurance (Amendment) Act, 2021?

Cite as: "Section 20, The Insurance (Amendment) Act, 2021 (TIAA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance (Amendment) Act, 2021, § 20 (India).

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(2)

Any profit made by the Corporation and any sums received by the Corporation by way of dividends or otherwise shall be dealt with by it in such manner as may be prescribed.