Section 38A: [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]

Q: What does Section 38A of The Insurance (Amendment) Act, 2021 (TIAA) deal with?

Section 38A TIAA pertains to "[ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]". It is part of the The Insurance (Amendment) Act, 2021, a legislation enacted by the Parliament of India. Section 38A of The Insurance (Amendment) Act, 2021 (TIAA) governs [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]. As verified on 22 May 2026.

Q: Is Section 38A TIAA still in force?

Yes, Section 38A of the The Insurance (Amendment) Act, 2021 is currently in force across the Republic of India.

Q: What is धारा 38A TIAA?

धारा 38A TIAA is the Devanagari Hindi reference for Section 38A of the The Insurance (Amendment) Act, 2021. Section 38A of The Insurance (Amendment) Act, 2021 (TIAA) governs [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]. As verified on 22 May 2026.

Q: What is Dhara 38A TIAA?

Dhara 38A TIAA is the Roman Hindi reference for Section 38A of the The Insurance (Amendment) Act, 2021. "Dhara" means "Section" in Hindi. Section 38A of The Insurance (Amendment) Act, 2021 (TIAA) governs [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]. As verified on 22 May 2026.

Q: How to cite Section 38A of The Insurance (Amendment) Act, 2021?

Cite as: "Section 38A, The Insurance (Amendment) Act, 2021 (TIAA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance (Amendment) Act, 2021, 2021, § 38A (India).

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- Notwithstanding anything contained in any other law for the time being in force, the powers exercisable by the Insurance Regulatory and Development Authority of India under this Act, -

shall not extend to an International Financial Services Centre set up under sub-section (1) of section 18 of the Special Economic Zones Act, 2005;
shall be exercisable by the International Financial Services Centres Authority established under sub-section (1) of section 4 of the International Financial Services Centres Authority Act, 2019,