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Section 101B: Advisory Committee.

The Insurance Act, 1938Central Act · Act 4 of 1938

(1) [The Authority with the previous approval of the Central Government] shall, for the purposes of section 101 A, constitute an Advisory Committee consisting of not more than five persons having special knowledge and experience of the business of insurance.

(2) The term of office of, and the allowances payable to, members of the Advisory Committee, the procedure to be followed by, and the quorum necessary for the transaction of business of, the Committee and the manner of filling casual vacancies therein shall be such as may be [determined by the regulations made by the Authority].

Where this provision sits

ActThe Insurance Act, 1938
Section101B
Marginal noteAdvisory Committee.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 41 of 1999. . Subs. by Act 41 of 1999, s. 30 and the First Schedule, for "The Central Government" (w.e.f. 19-4-2000).
  • substituted. . Subs. by s. 30 and the First Schedule, ibid., for "prescribed" (w.e.f. 19-4-2000).

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