The Insurance Act, 1938

The Insurance Act, 1938 is the cornerstone of insurance regulation in India, governing the functioning, control, and supervision of insurance businesses. This book presents the Act in a clear, systematic, and reader-friendly format, incorporating all relevant provisions, rules, regulations, and statutory amendments that shape the modern insurance sector.

The publication enables readers to understand licensing requirements, capital and solvency norms, management of insurers, policyholder protection mechanisms, and the regulatory authority exercised by IRDAI. Designed for both academic study and professional reference, the book simplifies complex statutory language while preserving legislative intent and accuracy.

With its structured layout and updated content, the book supports legal interpretation, regulatory compliance, and practical application of insurance law. It is particularly valuable for navigating India’s evolving insurance landscape, where regulatory compliance and governance play a critical role.

This edition is suitable for courts, law firms, insurance companies, academic institutions, and individuals seeking authoritative insight into insurance legislation. Whether used as a study companion or a professional reference, this book remains an indispensable guide to understanding insurance regulation in India.