Insurance Act, 1938 alongwith General Insurance Business (Nationalisation) Act, 1972

This authoritative volume consolidates the Insurance Act, 1938 and the General Insurance Business (Nationalisation) Act, 1972, offering a complete and practical reference to India’s insurance regulatory landscape. The Insurance Act lays the foundation for licensing and supervision of insurers, regulation of agents and intermediaries, maintenance of accounts, solvency and investment norms, and statutory protections for policyholders. The accompanying GIBNA Act, 1972 explains the nationalisation of general insurance, the formation of government-owned insurance corporations and the statutory framework governing their structure, functions and operations. Presented with clear formatting, cross-references and concise commentary, the book simplifies complex provisions for insurers, compliance teams and legal practitioners. Key aspects such as registration requirements, regulatory oversight, reporting obligations, penalties, restructuring, and governance standards are explained in accessible language. The volume also includes relevant rules, practical notes and interpretative guidance that help users understand statutory requirements and apply them effectively. Whether used by insurance companies, auditors, advocates or students of insurance law, this edition provides an integrated, easy-to-navigate resource that supports both academic understanding and real-world compliance.